Park Capital Management LLC WI Invests $945,000 in C.H. Robinson Worldwide, Inc. $CHRW

Park Capital Management LLC WI purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,879 shares of the transportation company’s stock, valued at approximately $945,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in shares of C.H. Robinson Worldwide by 198.6% in 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 during the period. Westfield Capital Management Co. LP purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $72,929,000. Qube Research & Technologies Ltd increased its stake in shares of C.H. Robinson Worldwide by 119.6% during the second quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock worth $76,169,000 after acquiring an additional 432,406 shares during the period. Raymond James Financial Inc. raised its holdings in C.H. Robinson Worldwide by 68.5% during the third quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company’s stock worth $139,194,000 after purchasing an additional 427,543 shares in the last quarter. Finally, Earnest Partners LLC purchased a new position in C.H. Robinson Worldwide during the third quarter worth about $54,313,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CHRW shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Evercore raised their price target on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. upped their price objective on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Stifel Nicolaus increased their price objective on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $200.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.83.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $167.84 on Monday. The business has a 50 day moving average price of $180.22 and a 200 day moving average price of $161.35. The company has a market capitalization of $19.78 billion, a P/E ratio of 34.75, a PEG ratio of 1.77 and a beta of 0.93. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $203.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its 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. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the business earned $1.21 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 6.5% compared to the same quarter last year. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 52.17%.

Insider Activity

In other C.H. Robinson Worldwide news, CEO David P. Bozeman bought 1,223 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was purchased at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the acquisition, the chief executive officer owned 190,600 shares of the company’s stock, valued at $31,132,604. The trade was a 0.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael John Short sold 6,368 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the sale, the insider directly owned 52,101 shares in the company, valued at $10,487,931.30. This trade represents a 10.89% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders bought 2,422 shares of company stock worth $400,801 and sold 19,026 shares worth $3,770,665. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Company 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.