C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 69.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,212 shares of the transportation company’s stock after selling 11,809 shares during the period. Fox Run Management L.L.C.’s holdings in C.H. Robinson Worldwide were worth $690,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHRW. Waratah Capital Advisors Ltd. purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $3,643,000. Mufg Securities Americas Inc. grew its position in C.H. Robinson Worldwide by 21.1% during the third quarter. Mufg Securities Americas Inc. now owns 3,185 shares of the transportation company’s stock worth $422,000 after buying an additional 554 shares during the period. Compound Planning Inc. increased its holdings in C.H. Robinson Worldwide by 14.6% in the third quarter. Compound Planning Inc. now owns 4,166 shares of the transportation company’s stock valued at $552,000 after buying an additional 532 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Finally, Zevin Asset Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $272,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CHRW shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $200.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Citigroup raised their price target on C.H. Robinson Worldwide from $177.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Evercore lifted their price target on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Wolfe Research reissued an “outperform” rating and issued a $188.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 8th. Finally, Truist Financial raised their target price on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a report 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.29.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $185.25 on Friday. The firm has a 50 day simple moving average of $178.11 and a 200-day simple moving average of $152.79. 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 market cap of $21.97 billion, a PE ratio of 38.35, a P/E/G ratio of 1.94 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results 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. The firm had revenue of $3.91 billion for 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%. C.H. Robinson Worldwide’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 earnings per share. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm 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. 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 currently 52.17%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, CEO David P. Bozeman bought 1,223 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the completion of the transaction, the chief executive officer owned 190,600 shares of the company’s stock, valued at $31,132,604. This represents a 0.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Arun Rajan purchased 605 shares of the stock in a transaction on Thursday, February 12th. The stock was acquired at an average price of $167.11 per share, with a total value of $101,101.55. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, 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 owned by company insiders.

C.H. Robinson Worldwide Company 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.