2,326 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Acquired by Maven Securities LTD

Maven Securities LTD acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,326 shares of the transportation company’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRW. Moore Capital Management LP raised its holdings in shares of C.H. Robinson Worldwide by 57.5% in the 4th quarter. Moore Capital Management LP now owns 54,270 shares of the transportation company’s stock valued at $5,607,000 after buying an additional 19,809 shares during the period. London Co. of Virginia increased its holdings in C.H. Robinson Worldwide by 4.1% during the 4th quarter. London Co. of Virginia now owns 4,767 shares of the transportation company’s stock worth $493,000 after purchasing an additional 187 shares during the period. Gotham Asset Management LLC increased its holdings in C.H. Robinson Worldwide by 6.8% during the 4th quarter. Gotham Asset Management LLC now owns 124,150 shares of the transportation company’s stock worth $12,827,000 after purchasing an additional 7,924 shares during the period. Ground Swell Capital LLC acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth about $267,000. Finally, Eisler Capital Management Ltd. purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $9,928,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CHRW shares. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Friday, January 31st. Susquehanna dropped their price objective on C.H. Robinson Worldwide from $117.00 to $115.00 and set a “positive” rating on the stock in a report on Thursday, May 1st. Evercore ISI dropped their price objective on C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. decreased their target price on C.H. Robinson Worldwide from $126.00 to $118.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Finally, Citigroup decreased their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.38.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $98.03 on Thursday. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. The stock has a 50 day simple moving average of $94.16 and a 200-day simple moving average of $100.82. C.H. Robinson Worldwide, Inc. has a 12-month low of $81.39 and a 12-month high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.15. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.53%. C.H. Robinson Worldwide’s dividend payout ratio is presently 59.33%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, the insider now owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. The trade was a 12.67% decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Profile

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.