Hudson Bay Capital Management LP Takes $3.09 Million Position in C.H. Robinson Worldwide, Inc. $CHRW

Hudson Bay Capital Management LP bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 23,302 shares of the transportation company’s stock, valued at approximately $3,085,000.

A number of other large investors have also bought and sold shares of CHRW. Wellington Management Group LLP increased its stake in C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. Norges Bank bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth about $118,976,000. Boston Partners boosted its position in shares of C.H. Robinson Worldwide by 53.0% during the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock worth $340,646,000 after purchasing an additional 1,218,968 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $72,929,000. Finally, Qube Research & Technologies Ltd increased its position in C.H. Robinson Worldwide by 119.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock valued at $76,169,000 after buying an additional 432,406 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. TD Cowen increased their price target on C.H. Robinson Worldwide from $165.00 to $194.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Citigroup boosted their price objective on C.H. Robinson Worldwide from $177.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Wells Fargo & Company upped their target price on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Sanford C. Bernstein increased their target price on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $200.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.29.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $168.88 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a 50-day moving average of $181.96 and a 200-day moving average of $158.55. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $203.34. The company has a market cap of $20.03 billion, a P/E ratio of 34.96, a P/E/G ratio of 1.78 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the firm posted $1.21 EPS. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Arun Rajan bought 605 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was purchased at an average cost of $167.11 per share, with a total value of $101,101.55. Following the transaction, the insider directly owned 133,656 shares in the company, valued at $22,335,254.16. This trade represents a 0.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Castagnetto bought 594 shares of the stock in a transaction dated Thursday, February 12th. The shares were acquired at an average price of $168.24 per share, for a total transaction of $99,934.56. Following the completion of the purchase, the insider directly owned 35,488 shares in the company, valued at approximately $5,970,501.12. This trade represents a 1.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. 1.47% of the stock is owned by insiders.

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.