WINTON GROUP Ltd Buys Shares of 17,284 C.H. Robinson Worldwide, Inc. $CHRW

WINTON GROUP Ltd purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,284 shares of the transportation company’s stock, valued at approximately $2,288,000.

Other hedge funds have also modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $30,000. Clearstead Advisors LLC grew its stake in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Arlington Trust Co LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $34,000. MUFG Securities EMEA plc acquired a new position in C.H. Robinson Worldwide in the 2nd quarter worth about $34,000. Finally, Quent Capital LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $37,000. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $175.86 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $20.86 billion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. The stock has a 50-day moving average of $180.97 and a 200-day moving average of $156.31. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $203.34.

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 analysts’ consensus estimates of $1.12 by $0.11. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business earned $1.21 EPS. As a group, equities research analysts forecast 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. Stockholders of record on Friday, March 6th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 52.17%.

Analysts Set New Price Targets

Several brokerages recently commented on CHRW. Truist Financial boosted their price target on C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Robert W. Baird set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. TD Cowen lifted their target price on shares of C.H. Robinson Worldwide from $165.00 to $194.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. BMO Capital Markets reissued a “market perform” rating and issued a $180.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, Bank of America increased their price target on shares of C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, December 24th. Fifteen 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $181.29.

Insiders Place Their Bets

In other news, CEO David P. Bozeman bought 1,223 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was purchased at an average price of $163.34 per share, with a total value of $199,764.82. Following the transaction, the chief executive officer directly owned 190,600 shares in the company, valued at approximately $31,132,604. The trade was a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael D. Castagnetto purchased 594 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were purchased at an average price of $168.24 per share, with a total value of $99,934.56. Following the completion of the acquisition, the insider directly owned 35,488 shares of the company’s stock, valued at approximately $5,970,501.12. This trade represents a 1.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 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. Corporate insiders own 0.91% of the company’s stock.

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.