Brevan Howard Capital Management LP Acquires Shares of 41,095 C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Brevan Howard opened a new position in C.H. Robinson, buying 41,095 shares in the quarter — about $5.37 million worth of stock per the 13F filing.
• Wall Street is broadly constructive: multiple brokerages raised ratings/targets and the stock has a consensus rating of "Moderate Buy" with an average price target of $181.29.
• Company insiders were net sellers this quarter (21,416 shares sold, ~$4.16M) even as C.H. Robinson beat EPS estimates ($1.23 vs. $1.12) while revenue fell ~6.5% year‑over‑year.

Brevan Howard Capital Management LP acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,095 shares of the transportation company's stock, valued at approximately $5,369,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in C.H. Robinson Worldwide by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company's stock worth $82,352,000 after acquiring an additional 24,788 shares in the last quarter. United Services Automobile Association acquired a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $259,000. Empowered Funds LLC raised its stake in shares of C.H. Robinson Worldwide by 2.3% during the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company's stock valued at $1,589,000 after purchasing an additional 350 shares during the period. Woodline Partners LP raised its stake in shares of C.H. Robinson Worldwide by 41.3% during the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company's stock valued at $1,027,000 after purchasing an additional 2,930 shares during the period. Finally, Focus Partners Wealth lifted its position in shares of C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company's stock worth $407,000 after purchasing an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CHRW. Truist Financial upped their target price on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Barclays upgraded shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $145.00 to $200.00 in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $200.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Raymond James Financial reaffirmed an "outperform" rating and set a $215.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, UBS Group set a $160.00 price target on C.H. Robinson Worldwide in a research note on Thursday, January 29th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $181.29.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,849 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total transaction of $553,275.80. Following the sale, the insider directly owned 28,149 shares of the company's stock, valued at approximately $5,466,535.80. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael John Short sold 6,368 shares of the firm's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $201.30, for a total value of $1,281,878.40. Following the transaction, 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have purchased 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. 0.91% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $169.39 on Monday. The firm has a fifty day moving average of $181.60 and a two-hundred day moving average of $157.27. The firm has a market cap of $20.09 billion, a P/E ratio of 35.07, a P/E/G ratio of 1.78 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $203.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.11. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.21 EPS. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, March 6th. This represents a $2.52 annualized dividend and a yield of 1.5%. C.H. Robinson Worldwide's dividend payout ratio is presently 52.17%.

About C.H. Robinson Worldwide

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.

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