Polar Capital Holdings Plc Takes Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Polar Capital Holdings Plc purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 68,449 shares of the transportation company’s stock, valued at approximately $7,072,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quantinno Capital Management LP raised its stake in shares of C.H. Robinson Worldwide by 34.4% in the 4th quarter. Quantinno Capital Management LP now owns 49,610 shares of the transportation company’s stock valued at $5,126,000 after acquiring an additional 12,697 shares during the period. Mufg Securities Americas Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $180,000. Man Group plc raised its stake in shares of C.H. Robinson Worldwide by 54.8% in the 4th quarter. Man Group plc now owns 66,070 shares of the transportation company’s stock valued at $6,826,000 after acquiring an additional 23,396 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake in shares of C.H. Robinson Worldwide by 0.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company’s stock valued at $1,483,000 after acquiring an additional 112 shares during the period. Finally, Nomura Holdings Inc. raised its stake in shares of C.H. Robinson Worldwide by 7.3% in the 4th quarter. Nomura Holdings Inc. now owns 15,312 shares of the transportation company’s stock valued at $1,582,000 after acquiring an additional 1,040 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide in a research note on Friday, March 7th. They set a “buy” rating and a $129.00 target price on the stock. UBS Group decreased their price target on shares of C.H. Robinson Worldwide from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. TD Cowen raised their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. StockNews.com cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Benchmark reissued a “buy” rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $114.38.

C.H. Robinson Worldwide Trading Up 0.7%

Shares of C.H. Robinson Worldwide stock opened at $98.75 on Friday. The company has a fifty day simple moving average of $94.10 and a 200-day simple moving average of $100.75. C.H. Robinson Worldwide, Inc. has a 12-month low of $81.39 and a 12-month high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.16 and a beta of 0.92.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide’s payout ratio is 59.33%.

Insider Activity

In related news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. This represents a 12.67% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

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.