Entropy Technologies LP Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

Entropy Technologies LP bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,347 shares of the transportation company’s stock, valued at approximately $2,048,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its holdings in C.H. Robinson Worldwide by 5.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 9,137 shares of the transportation company’s stock worth $936,000 after acquiring an additional 445 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of C.H. Robinson Worldwide by 481.1% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 11,872 shares of the transportation company’s stock worth $1,216,000 after purchasing an additional 9,829 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of C.H. Robinson Worldwide by 42.4% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 93,005 shares of the transportation company’s stock worth $9,524,000 after purchasing an additional 27,700 shares during the last quarter. AE Wealth Management LLC grew its stake in shares of C.H. Robinson Worldwide by 9.5% during the first quarter. AE Wealth Management LLC now owns 42,593 shares of the transportation company’s stock worth $4,361,000 after purchasing an additional 3,682 shares in the last quarter. Finally, Machina Capital S.A.S. purchased a new position in C.H. Robinson Worldwide in the first quarter valued at $421,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CHRW. Wells Fargo & Company lifted their price target on C.H. Robinson Worldwide from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Evercore ISI increased their price objective on C.H. Robinson Worldwide from $155.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Barclays boosted their target price on C.H. Robinson Worldwide from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Finally, Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and increased their price target for the company from $134.00 to $148.00 in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.00.

C.H. Robinson Worldwide Stock Up 2.1%

Shares of NASDAQ:CHRW opened at $151.68 on Friday. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $158.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $17.92 billion, a P/E ratio of 30.77, a P/E/G ratio of 1.79 and a beta of 0.88. The firm has a fifty day moving average price of $138.02 and a 200 day moving average price of $116.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the business posted $1.28 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 10.9% on a year-over-year basis. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.52 annualized dividend and a yield of 1.7%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.12%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the transaction, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. This trade represents a 43.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Castagnetto sold 45,266 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of the transaction, the insider directly owned 34,046 shares in the company, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.47% of the stock is currently owned by company insiders.

About C.H. Robinson Worldwide

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.