Westfield Capital Management Co. LP Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Westfield Capital Management Co. LP bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 550,825 shares of the transportation company’s stock, valued at approximately $72,929,000. Westfield Capital Management Co. LP owned 0.47% of C.H. Robinson Worldwide at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide during the 2nd quarter valued at $30,000. Clearstead Advisors LLC increased its stake in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares during the period. Arlington Trust Co LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $34,000. MUFG Securities EMEA plc purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at $34,000. Finally, Quent Capital LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $37,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CHRW. Wolfe Research reiterated an “outperform” rating and set a $188.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. BMO Capital Markets reaffirmed a “market perform” rating and set a $180.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. JPMorgan Chase & Co. boosted their price target on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Wells Fargo & Company raised their price objective on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Finally, Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Fifteen 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. According to data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $181.29.

C.H. Robinson Worldwide Trading Down 0.8%

Shares of NASDAQ:CHRW opened at $175.91 on Thursday. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $203.34. The business’s fifty day simple moving average is $177.36 and its 200-day simple moving average is $152.09. The company has a market capitalization of $20.87 billion, a PE ratio of 36.42, a P/E/G ratio of 1.87 and a beta of 0.90. 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 data 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 firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is presently 52.17%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the transaction, the insider directly owned 52,101 shares of the company’s stock, valued at approximately $10,487,931.30. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 8,579 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $200.52, for a total value of $1,720,261.08. Following the sale, the insider owned 55,611 shares of the company’s stock, valued at approximately $11,151,117.72. This represents a 13.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 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 currently 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.