Stevens Capital Management LP Increases Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Stevens Capital Management LP increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 125.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,791 shares of the transportation company’s stock after purchasing an additional 3,784 shares during the period. Stevens Capital Management LP’s holdings in C.H. Robinson Worldwide were worth $899,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $30,000. Arlington Trust Co LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth $34,000. MUFG Securities EMEA plc purchased a new position in C.H. Robinson Worldwide in the second quarter valued at about $34,000. Quent Capital LLC purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $37,000. Finally, FNY Investment Advisers LLC bought a new position in C.H. Robinson Worldwide in the second quarter worth about $38,000. Institutional investors own 93.15% of the company’s stock.

Insider Activity

In related news, insider Michael John Short sold 6,368 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the transaction, the insider owned 52,101 shares of the company’s stock, valued at $10,487,931.30. This trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David P. Bozeman bought 1,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of $163.34 per share, with a total value of $199,764.82. Following the completion of the transaction, the chief executive officer directly owned 190,600 shares of the company’s stock, valued at $31,132,604. This trade represents a 0.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. 1.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CHRW has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $200.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Wells Fargo & Company upped their price target on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. The Goldman Sachs Group reissued a “neutral” rating and issued a $149.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, January 14th. Finally, UBS Group set a $160.00 target price on C.H. Robinson Worldwide in a research note on Thursday, January 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $181.29.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $190.06 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.59 and a current ratio of 1.53. The stock has a 50-day moving average of $176.28 and a two-hundred day moving average of $150.85. The stock has a market cap of $22.54 billion, a P/E ratio of 39.35, a P/E/G ratio of 2.00 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.11. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio is 52.17%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.