Polar Asset Management Partners Inc. Makes New $5.68 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Polar Asset Management Partners Inc. bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 42,900 shares of the transportation company’s stock, valued at approximately $5,680,000.

A number of other hedge funds also recently modified their holdings of CHRW. Vanguard Group Inc. grew its holdings in shares of C.H. Robinson Worldwide by 0.4% during the second quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company’s stock valued at $1,404,989,000 after buying an additional 56,549 shares in the last quarter. State Street Corp lifted its stake in C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after acquiring an additional 397,177 shares in the last quarter. Wellington Management Group LLP lifted its stake in C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. Boston Partners boosted its position in C.H. Robinson Worldwide by 6.1% during the 3rd quarter. Boston Partners now owns 3,731,363 shares of the transportation company’s stock worth $494,372,000 after acquiring an additional 213,245 shares during the period. Finally, Invesco Ltd. grew its stake in C.H. Robinson Worldwide by 5.1% during the 2nd quarter. Invesco Ltd. now owns 2,402,945 shares of the transportation company’s stock valued at $230,563,000 after acquiring an additional 117,222 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.6%

Shares of NASDAQ CHRW opened at $170.64 on Thursday. The business has a 50 day simple moving average of $181.83 and a 200 day simple moving average of $157.95. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $203.34. The stock has a market cap of $20.24 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 1.81 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.11. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 earnings per share. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 52.17%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, CEO David P. Bozeman acquired 1,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the completion of the acquisition, the chief executive officer owned 190,600 shares of the company’s stock, valued at approximately $31,132,604. This trade represents a 0.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Arun Rajan bought 605 shares of the stock in a transaction on Thursday, February 12th. The shares were acquired at an average cost of $167.11 per share, for a total transaction of $101,101.55. Following the completion of the transaction, the insider directly owned 133,656 shares of the company’s stock, valued at approximately $22,335,254.16. The trade was a 0.45% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. 1.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of research reports. BMO Capital Markets reiterated a “market perform” rating and issued a $180.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. UBS Group set a $160.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Stifel Nicolaus upped their price objective 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. Robert W. Baird set a $203.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, Bank of America lifted their target price on shares of C.H. Robinson Worldwide from $167.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, December 24th. 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $181.29.

About C.H. Robinson Worldwide

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.