Gotham Asset Management LLC Acquires 45,364 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Gotham Asset Management LLC boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 21.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 260,665 shares of the transportation company’s stock after acquiring an additional 45,364 shares during the quarter. Gotham Asset Management LLC’s holdings in C.H. Robinson Worldwide were worth $34,512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of C.H. Robinson Worldwide by 3.2% during the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after purchasing an additional 24,788 shares in the last quarter. United Services Automobile Association purchased a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $259,000. Empowered Funds LLC lifted its position in C.H. Robinson Worldwide by 2.3% during the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 350 shares during the last quarter. Woodline Partners LP lifted its position in C.H. Robinson Worldwide by 41.3% during the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in C.H. Robinson Worldwide by 9.9% in the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after buying an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $170.48 on Tuesday. The firm has a market cap of $20.22 billion, a P/E ratio of 35.30, a P/E/G ratio of 1.78 and a beta of 0.90. The firm’s fifty day moving average is $181.67 and its 200 day moving average is $157.56. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $203.34. 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 posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping 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 business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $201.30, for a total value of $1,281,878.40. Following the completion of the sale, the insider owned 52,101 shares in the company, valued at approximately $10,487,931.30. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Arun Rajan acquired 605 shares of the stock in a transaction on Thursday, February 12th. The stock was bought at an average price of $167.11 per share, with a total value of $101,101.55. Following 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 position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. 0.91% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Benchmark raised their price objective on shares of 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. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Morgan Stanley raised their price target on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $200.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Finally, TD Cowen increased their price objective on C.H. Robinson Worldwide from $165.00 to $194.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.