Picton Mahoney Asset Management Boosts Position in C.H. Robinson Worldwide, Inc. $CHRW

Picton Mahoney Asset Management raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 30,363.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,351 shares of the transportation company’s stock after acquiring an additional 3,340 shares during the period. Picton Mahoney Asset Management’s holdings in C.H. Robinson Worldwide were worth $444,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new stake in C.H. Robinson Worldwide in the second quarter valued at $30,000. Clearstead Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after buying an additional 128 shares during the period. MUFG Securities EMEA plc purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter worth about $34,000. Arlington Trust Co LLC purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $34,000. Finally, Quent Capital LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth about $37,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,368 shares of C.H. Robinson Worldwide stock in a transaction dated 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 owned 52,101 shares in the company, valued at $10,487,931.30. This trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Angela K. Freeman sold 8,579 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the sale, the insider directly owned 55,611 shares of the company’s stock, valued at $11,151,117.72. This represents a 13.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders bought 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 currently owned by company insiders.

Wall Street Analyst Weigh In

CHRW has been the subject of several recent research reports. Benchmark boosted their price target on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Wolfe Research reaffirmed an “outperform” rating and set a $188.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 8th. Wells Fargo & Company lifted their target price on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. boosted their target price on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Finally, Truist Financial increased their price target on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.29.

C.H. Robinson Worldwide Stock Down 2.8%

Shares of CHRW opened at $179.64 on Friday. The firm has a market cap of $21.31 billion, a P/E ratio of 37.19, a PEG ratio of 1.89 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $203.34. The stock’s 50 day moving average is $180.33 and its two-hundred day moving average is $155.30. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the company posted $1.21 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 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.