Aventail Capital Group LP Takes $7.47 Million Position in C.H. Robinson Worldwide, Inc. $CHRW

Aventail Capital Group LP purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 46,440 shares of the transportation company’s stock, valued at approximately $7,466,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHRW. Wellington Management Group LLP lifted its position in C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after acquiring an additional 4,751,034 shares in the last quarter. Norges Bank acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $236,665,000. Capital World Investors acquired a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $165,976,000. Pinebridge Investments LLC acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $103,751,000. Finally, Westfield Capital Management Co. LP acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $72,929,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHRW. Wells Fargo & Company upped their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barclays upped their target price on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wall Street Zen lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Finally, Jefferies Financial Group upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their price target for the company from $195.00 to $200.00 in a report on Wednesday, May 20th. Sixteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.65.

C.H. Robinson Worldwide Trading Down 2.2%

Shares of CHRW stock opened at $185.20 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. C.H. Robinson Worldwide, Inc. has a 1 year low of $92.36 and a 1 year high of $203.34. The stock has a fifty day moving average of $177.64 and a two-hundred day moving average of $174.88. The firm has a market capitalization of $21.83 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

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.