LMR Partners LLP Invests $608,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

LMR Partners LLP bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,512 shares of the transportation company’s stock, valued at approximately $608,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Interval Partners LP acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $82,581,000. Point72 Asset Management L.P. acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter valued at $69,378,000. ProShare Advisors LLC boosted its position in C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after purchasing an additional 526,872 shares during the period. Vest Financial LLC increased its holdings in shares of C.H. Robinson Worldwide by 44.1% in the second quarter. Vest Financial LLC now owns 627,804 shares of the transportation company’s stock valued at $55,322,000 after purchasing an additional 192,205 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of C.H. Robinson Worldwide by 1.3% in the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after purchasing an additional 177,119 shares during the period. Institutional investors own 93.15% of the company’s stock.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.18% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Stock Down 0.8 %

NASDAQ CHRW opened at $109.08 on Wednesday. The business has a fifty day moving average price of $107.08 and a two-hundred day moving average price of $96.52. The stock has a market capitalization of $12.89 billion, a PE ratio of 37.74, a PEG ratio of 1.27 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. C.H. Robinson Worldwide’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 EPS. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.27%. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Evercore ISI upped their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Citigroup raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $127.00 in a research report on Tuesday, November 12th. The Goldman Sachs Group lifted their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. TD Cowen upped their price objective on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, Benchmark lifted their target price on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus price target of $107.63.

About C.H. Robinson Worldwide

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.