C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 142.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,662 shares of the transportation company's stock after acquiring an additional 14,484 shares during the quarter. Brevan Howard Capital Management LP's holdings in C.H. Robinson Worldwide were worth $2,548,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. National Pension Service purchased a new position in C.H. Robinson Worldwide during the fourth quarter worth about $25,000. Missouri Trust & Investment Co purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $41,000. Mainstream Capital Management LLC acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Brooklyn Investment Group grew its position in C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock worth $48,000 after acquiring an additional 316 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in C.H. Robinson Worldwide during the fourth quarter worth $52,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 77,027 shares of the company's stock, valued at $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of research analyst reports. Raymond James lowered their price target on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Benchmark reiterated a "buy" rating and set a $125.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Evercore ISI decreased their price objective on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group dropped their target price on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a report on Friday, April 11th. Finally, Barclays decreased their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.38.

C.H. Robinson Worldwide Stock Down 1.0 %

Shares of NASDAQ CHRW opened at $89.94 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 1 year low of $78.16 and a 1 year high of $114.82. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. The business has a 50-day moving average of $95.23 and a two-hundred day moving average of $101.50.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. The firm had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. C.H. Robinson Worldwide's quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 earnings per share. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

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.

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