Stevens Capital Management LP Purchases 740 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Stevens Capital Management LP boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 32.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,007 shares of the transportation company’s stock after buying an additional 740 shares during the quarter. Stevens Capital Management LP’s holdings in C.H. Robinson Worldwide were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Rhumbline Advisers boosted its stake in shares of C.H. Robinson Worldwide by 3.2% in the 2nd quarter. Rhumbline Advisers now owns 252,482 shares of the transportation company’s stock valued at $24,226,000 after purchasing an additional 7,745 shares in the last quarter. Mufg Securities Americas Inc. raised its position in C.H. Robinson Worldwide by 25.2% in the 2nd quarter. Mufg Securities Americas Inc. now owns 2,631 shares of the transportation company’s stock worth $252,000 after purchasing an additional 530 shares during the period. Legal & General Group Plc lifted its stake in C.H. Robinson Worldwide by 3.2% in the second quarter. Legal & General Group Plc now owns 705,666 shares of the transportation company’s stock worth $67,709,000 after purchasing an additional 21,818 shares during the last quarter. JPMorgan Chase & Co. boosted its position in C.H. Robinson Worldwide by 33.6% during the second quarter. JPMorgan Chase & Co. now owns 780,128 shares of the transportation company’s stock valued at $74,856,000 after buying an additional 196,250 shares during the period. Finally, DNB Asset Management AS boosted its position in C.H. Robinson Worldwide by 5.8% during the second quarter. DNB Asset Management AS now owns 24,074 shares of the transportation company’s stock valued at $2,310,000 after buying an additional 1,327 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHRW has been the subject of a number of recent research reports. UBS Group boosted their target price on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Evercore ISI lifted their price target on C.H. Robinson Worldwide from $155.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Stephens set a $173.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, October 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $135.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of C.H. Robinson Worldwide from $155.00 to $166.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $151.68 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $158.70. The firm has a market cap of $17.92 billion, a P/E ratio of 30.77, a P/E/G ratio of 1.79 and a beta of 0.88. The business’s 50 day moving average price is $138.02 and its 200-day moving average price is $117.09.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The firm’s revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 earnings per share. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio is 51.12%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 49,884 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the transaction, the insider owned 65,728 shares in the company, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 45,266 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the sale, the insider directly owned 34,046 shares in the company, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their position. The SEC filing for this sale provides additional information. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.