Waratah Capital Advisors Ltd. Purchases Shares of 27,512 C.H. Robinson Worldwide, Inc. $CHRW

Waratah Capital Advisors Ltd. purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 27,512 shares of the transportation company’s stock, valued at approximately $3,643,000.

Other large investors have also recently made changes to their positions in the company. Transcend Capital Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at $460,000. TD Waterhouse Canada Inc. grew its holdings in shares of C.H. Robinson Worldwide by 8,726.0% in the third quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock valued at $2,341,000 after purchasing an additional 17,452 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $937,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in C.H. Robinson Worldwide by 91.8% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,774 shares of the transportation company’s stock worth $1,559,000 after buying an additional 5,634 shares during the period. Finally, Norges Bank acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter worth approximately $118,976,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,579 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 9th. The shares were sold at an average price of $200.52, for a total value of $1,720,261.08. Following the transaction, the insider directly owned 55,611 shares in the company, valued at approximately $11,151,117.72. The trade was a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael John Short sold 6,368 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the sale, 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 position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. 0.91% of the stock is owned by insiders.

C.H. Robinson Worldwide Trading Up 0.1%

NASDAQ CHRW opened at $177.35 on Wednesday. The firm’s fifty day moving average price is $177.04 and its 200 day moving average price is $151.92. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $203.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $21.04 billion, a price-to-earnings ratio of 36.72, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90.

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

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is 52.17%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CHRW shares. Robert W. Baird set a $203.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, January 29th. Benchmark increased their price target on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Morgan Stanley lifted their price objective on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Thursday, January 29th. Barclays upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $145.00 to $200.00 in a research note on Tuesday, December 16th. Finally, TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $165.00 to $194.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $181.29.

C.H. Robinson Worldwide Company 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.