Interval Partners LP Has $38.87 Million Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Interval Partners LP lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 529.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,561 shares of the transportation company’s stock after acquiring an additional 246,910 shares during the quarter. Interval Partners LP’s holdings in C.H. Robinson Worldwide were worth $38,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CHRW. CYBER HORNET ETFs LLC acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at approximately $30,000. Clearstead Advisors LLC raised its holdings in C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $34,000. MUFG Securities EMEA plc bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $34,000. Finally, Quent Capital LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $37,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $169.39 on Friday. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $203.34. The company has a market cap of $20.09 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 1.81 and a beta of 0.90. The company’s fifty day moving average price is $181.60 and its two-hundred day moving average price is $156.85. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the company earned $1.21 earnings per share. On average, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid 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 yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is 52.17%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, CEO David P. Bozeman acquired 1,223 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was purchased at an average cost of $163.34 per share, with a total value of $199,764.82. Following 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 purchase was disclosed in a filing 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 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 directly owned 52,101 shares of the company’s stock, valued at approximately $10,487,931.30. This trade represents a 10.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have acquired 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. Company insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CHRW. BMO Capital Markets reissued a “market perform” rating and set a $180.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. UBS Group set a $160.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Wells Fargo & Company lifted their price objective on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. TD Cowen boosted their price objective on 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. Finally, Raymond James Financial restated an “outperform” rating and set a $215.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Fifteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $181.29.

C.H. Robinson Worldwide 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.