Chesapeake Capital Corp IL Invests $599,000 in C.H. Robinson Worldwide, Inc. $CHRW

Chesapeake Capital Corp IL purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, Holdings Channel.com reports. The fund purchased 4,522 shares of the transportation company’s stock, valued at approximately $599,000.

Several other institutional investors have also bought and sold shares of the company. Clearstead Advisors LLC grew its holdings in C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $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 in the third quarter valued at $34,000. Quent Capital LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $37,000. CYBER HORNET ETFs LLC bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $30,000. Finally, MUFG Securities EMEA plc bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of research reports. 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 research note on Friday, January 30th. Stifel Nicolaus lifted their target price on shares of C.H. Robinson Worldwide from $184.00 to $202.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Robert W. Baird set a $203.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Finally, Loop Capital set a $206.00 price objective on shares of C.H. Robinson Worldwide in a report on Monday, February 2nd. Fifteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $181.29.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 52,101 shares in the company, valued at $10,487,931.30. This represents a 10.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 2,849 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total transaction of $553,275.80. Following the completion of the sale, the insider owned 28,149 shares in the company, valued at $5,466,535.80. This represents a 9.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, 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 Stock Performance

Shares of CHRW opened at $169.39 on Friday. The stock’s 50-day simple moving average is $181.60 and its 200 day simple moving average is $156.85. The stock has a market capitalization of $20.09 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 1.81 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.12 by $0.11. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate 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 revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 EPS. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

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.