Transcend Capital Advisors LLC Acquires New Position in C.H. Robinson Worldwide, Inc. $CHRW

Transcend Capital Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,475 shares of the transportation company’s stock, valued at approximately $460,000.

Other hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of C.H. Robinson Worldwide by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after acquiring an additional 24,788 shares in the last quarter. United Services Automobile Association bought a new stake in C.H. Robinson Worldwide during the first quarter valued at $259,000. Empowered Funds LLC raised its holdings in shares of C.H. Robinson Worldwide by 2.3% during the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after purchasing an additional 350 shares during the period. Woodline Partners LP lifted its position in shares of C.H. Robinson Worldwide by 41.3% in the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after buying an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in shares of C.H. Robinson Worldwide by 9.9% in the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock valued at $407,000 after buying an additional 359 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $199.71 on Wednesday. The firm has a market capitalization of $23.59 billion, a PE ratio of 41.35, a P/E/G ratio of 2.09 and a beta of 0.90. The company has a quick ratio of 1.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $168.39 and a 200 day moving average price of $143.55. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $202.80.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. C.H. Robinson Worldwide’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.21 EPS. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 5th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio is 52.17%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 2,390 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $161.91, for a total transaction of $386,964.90. Following the completion of the transaction, the insider owned 55,158 shares of the company’s stock, valued at $8,930,631.78. This trade represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the sale, the insider owned 65,728 shares in the company, valued at approximately $9,840,138.88. This trade represents a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 53,504 shares of company stock worth $8,070,349. 0.91% of the stock is owned by insiders.

Analyst Ratings Changes

CHRW has been the topic of several research reports. Barclays upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $145.00 to $200.00 in a research note on Tuesday, December 16th. UBS Group set a $160.00 price target on C.H. Robinson Worldwide in a research report on Thursday, January 29th. Benchmark boosted their price objective on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Wolfe Research restated an “outperform” rating and set a $188.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 8th. Finally, Robert W. Baird set a $203.00 target price on C.H. Robinson Worldwide in a research note on Thursday, January 29th. Sixteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $181.29.

Trending Headlines about C.H. Robinson Worldwide

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: High-profile bullish coverage — Jim Cramer called CHRW “still a terrific stock,” raising investor attention and likely driving short-term buying interest. Jim Cramer on CH Robinson: “This one’s still a terrific stock” Jim Cramer on C.H. Robinson: “This One’s Still a Terrific Stock”
• Positive Sentiment: Analyst/style-score pieces (Zacks and syndicated MSN articles) are labeling CHRW a top-ranked momentum and strong-growth stock, which tends to pull in momentum-focused funds and retail buyers. C.H. Robinson Worldwide (CHRW) is a Great Momentum Stock: Should You Buy? Here’s Why C.H. Robinson Worldwide (CHRW) is a Strong Growth Stock
• Positive Sentiment: Technical/momentum dynamics: reported intraday volume is above the stock’s average and the shares are trading above their 50- and 200-day moving averages — conditions that often amplify momentum-driven gains. (Market/trading data)
• Neutral Sentiment: Short-interest reports flagged “significant increases” for early February but show nonsensical values (0 shares / NaN / 0.0 days to cover). This looks like a data anomaly and is unlikely to be a meaningful driver unless a validated rise in short interest is reported. (Entries dated Feb 2–3)

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.