C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 15.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,181 shares of the transportation company’s stock after acquiring an additional 41,134 shares during the quarter. Barclays PLC owned approximately 0.26% of C.H. Robinson Worldwide worth $40,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Transcend Capital Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $460,000. Raiffeisen Bank International AG purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $937,000. TD Waterhouse Canada Inc. lifted its position in C.H. Robinson Worldwide by 8,726.0% during the third quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock worth $2,341,000 after buying an additional 17,452 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in C.H. Robinson Worldwide by 91.8% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,774 shares of the transportation company’s stock worth $1,559,000 after buying an additional 5,634 shares during the last quarter. Finally, Norges Bank acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter worth about $118,976,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insiders Place Their Bets

In related news, CEO David P. Bozeman purchased 1,223 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average price of $163.34 per share, with a total value of $199,764.82. Following the purchase, the chief executive officer owned 190,600 shares of the company’s stock, valued at $31,132,604. This trade represents a 0.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael John Short sold 6,368 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $201.30, for a total value of $1,281,878.40. Following the sale, the insider owned 52,101 shares in the company, valued at approximately $10,487,931.30. The trade was a 10.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have acquired 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. Company insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Stock Down 3.3%

C.H. Robinson Worldwide stock opened at $175.86 on Wednesday. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $203.34. The stock has a market cap of $20.86 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 1.91 and a beta of 0.90. The company’s 50-day moving average price is $180.97 and its two-hundred day moving average price is $156.31. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 EPS. On average, 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 business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is 52.17%.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. TD Cowen raised their target price on C.H. Robinson Worldwide from $165.00 to $194.00 and gave the company a “hold” rating in a report on Thursday, January 29th. Bank of America lifted their price target on shares of C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, December 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $200.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Finally, Benchmark upped their target price on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.29.

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.