5,512 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Acquired by LMR Partners LLP

LMR Partners LLP bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,512 shares of the transportation company’s stock, valued at approximately $608,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 1.3% in the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after purchasing an additional 177,119 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of C.H. Robinson Worldwide by 14.8% in the 1st quarter. Ameritas Investment Partners Inc. now owns 10,223 shares of the transportation company’s stock valued at $778,000 after buying an additional 1,316 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at about $546,000. Bessemer Group Inc. raised its position in shares of C.H. Robinson Worldwide by 418.5% during the first quarter. Bessemer Group Inc. now owns 15,260 shares of the transportation company’s stock worth $1,162,000 after acquiring an additional 12,317 shares during the last quarter. Finally, Pitcairn Co. acquired a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $207,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets increased their price target on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Robert W. Baird lifted their target price on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company increased their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus price target of $107.63.

C.H. Robinson Worldwide Stock Down 0.8 %

Shares of NASDAQ:CHRW opened at $109.08 on Wednesday. The business’s 50 day moving average is $107.08 and its 200 day moving average is $96.52. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $113.10. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 1.27 and a beta of 0.84. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.18% of the company’s stock.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.