Stephens Investment Management Group LLC Buys 9,385 Shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

Stephens Investment Management Group LLC increased its stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 35.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,600 shares of the transportation company’s stock after acquiring an additional 9,385 shares during the quarter. Stephens Investment Management Group LLC’s holdings in C.H. Robinson Worldwide were worth $3,018,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CHRW. First Trust Advisors LP increased its stake in shares of C.H. Robinson Worldwide by 16.7% in the 1st quarter. First Trust Advisors LP now owns 458,604 shares of the transportation company’s stock valued at $39,894,000 after acquiring an additional 65,788 shares in the last quarter. Bright Rock Capital Management LLC increased its stake in shares of C.H. Robinson Worldwide by 77.9% in the 2nd quarter. Bright Rock Capital Management LLC now owns 89,075 shares of the transportation company’s stock valued at $7,513,000 after acquiring an additional 39,000 shares in the last quarter. Rockland Trust Co. increased its stake in shares of C.H. Robinson Worldwide by 61.6% in the 2nd quarter. Rockland Trust Co. now owns 176,906 shares of the transportation company’s stock valued at $14,922,000 after acquiring an additional 67,432 shares in the last quarter. DNB Asset Management AS increased its stake in shares of C.H. Robinson Worldwide by 6.1% in the 2nd quarter. DNB Asset Management AS now owns 22,255 shares of the transportation company’s stock valued at $1,877,000 after acquiring an additional 1,276 shares in the last quarter. Finally, WINTON GROUP Ltd increased its stake in shares of C.H. Robinson Worldwide by 11.6% in the 2nd quarter. WINTON GROUP Ltd now owns 9,639 shares of the transportation company’s stock valued at $813,000 after acquiring an additional 1,001 shares in the last quarter. Institutional investors own 90.84% of the company’s stock.

CHRW opened at $86.80 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.81 and a quick ratio of 1.81. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 2.03 and a beta of 0.65. The firm’s fifty day moving average price is $84.56 and its two-hundred day moving average price is $84.18. C.H. Robinson Worldwide Inc has a 1 year low of $77.72 and a 1 year high of $94.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.22. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $4.02 billion. C.H. Robinson Worldwide had a net margin of 4.31% and a return on equity of 42.88%. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. As a group, equities analysts anticipate that C.H. Robinson Worldwide Inc will post 4.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is 42.28%.

Several analysts have recently weighed in on the stock. Morgan Stanley set a $65.00 price objective on shares of C.H. Robinson Worldwide and gave the company a “sell” rating in a research note on Monday, July 8th. Barclays restated a “hold” rating and set a $95.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 3rd. Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price target for the company. in a research note on Friday, July 26th. Finally, BidaskClub upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $86.63.

In related news, insider Angela K. Freeman sold 16,356 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $84.88, for a total value of $1,388,297.28. Following the transaction, the insider now directly owns 47,594 shares of the company’s stock, valued at approximately $4,039,778.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ben G. Campbell sold 20,425 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,715,700.00. Following the completion of the transaction, the insider now directly owns 43,006 shares in the company, valued at $3,612,504. The disclosure for this sale can be found here. Insiders have sold a total of 45,173 shares of company stock worth $3,825,122 over the last ninety days. Insiders own 1.65% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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