Interval Partners LP Invests $7.67 Million in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Interval Partners LP purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 71,214 shares of the transportation company’s stock, valued at approximately $7,670,000. Interval Partners LP owned approximately 0.06% of C.H. Robinson Worldwide as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp grew its position in shares of C.H. Robinson Worldwide by 2.8% during the first quarter. Fifth Third Bancorp now owns 5,819 shares of the transportation company’s stock worth $627,000 after acquiring an additional 157 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in shares of C.H. Robinson Worldwide by 14.8% during the 1st quarter. Checchi Capital Advisers LLC now owns 2,635 shares of the transportation company’s stock worth $284,000 after buying an additional 339 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of C.H. Robinson Worldwide by 101.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 18,681 shares of the transportation company’s stock worth $2,012,000 after buying an additional 9,388 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of C.H. Robinson Worldwide by 5,514.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,737 shares of the transportation company’s stock worth $726,000 after buying an additional 6,617 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its position in C.H. Robinson Worldwide by 45.6% during the 1st quarter. Pinebridge Investments L.P. now owns 127,431 shares of the transportation company’s stock worth $13,726,000 after purchasing an additional 39,909 shares in the last quarter. Institutional investors and hedge funds own 92.16% of the company’s stock.

Insider Activity

In other news, CEO Robert C. Biesterfeld, Jr. sold 21,694 shares of the stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $111.46, for a total transaction of $2,418,013.24. Following the transaction, the chief executive officer now owns 181,610 shares of the company’s stock, valued at approximately $20,242,250.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Michael D. Castagnetto sold 3,046 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $120.00, for a total transaction of $365,520.00. Following the completion of the sale, the insider now owns 20,060 shares in the company, valued at approximately $2,407,200. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert C. Biesterfeld, Jr. sold 21,694 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $111.46, for a total value of $2,418,013.24. Following the sale, the chief executive officer now owns 181,610 shares of the company’s stock, valued at approximately $20,242,250.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,807 shares of company stock valued at $7,088,303. Insiders own 1.64% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several recent analyst reports. Vertical Research cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating and set a $104.00 price target for the company. in a report on Wednesday, August 17th. Morgan Stanley upped their target price on C.H. Robinson Worldwide from $63.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, July 28th. Stifel Nicolaus upped their target price on C.H. Robinson Worldwide from $117.00 to $123.00 in a research report on Thursday, July 28th. Credit Suisse Group started coverage on C.H. Robinson Worldwide in a report on Monday, June 27th. They issued an “underperform” rating and a $102.00 price target for the company. Finally, Citigroup boosted their price target on C.H. Robinson Worldwide from $113.00 to $123.00 in a report on Thursday, July 28th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $110.81.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $114.29 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $14.16 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.45 and a beta of 0.73. The business’s 50-day simple moving average is $108.98 and its 200-day simple moving average is $105.76. C.H. Robinson Worldwide, Inc. has a 52 week low of $85.80 and a 52 week high of $121.23.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The transportation company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.79. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $6.78 billion. C.H. Robinson Worldwide had a return on equity of 53.97% and a net margin of 4.15%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 EPS. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 8.76 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, September 1st. C.H. Robinson Worldwide’s dividend payout ratio is 26.47%.

C.H. Robinson Worldwide Profile

(Get Rating)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

See Also

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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