Calamos Advisors LLC Increases Stake in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Calamos Advisors LLC increased its stake in C.H. Robinson by 52.1%, adding 5,948 shares to hold 17,373 shares valued at about $2.79 million at the end of the quarter.
• C.H. Robinson beat quarterly EPS expectations ($1.23 vs. $1.12) while revenue declined 6.5% year-over-year to $3.91 billion.
• The company paid a quarterly dividend of $0.63 (annualized $2.52, ~1.4% yield), and insiders including CEO David Bozeman and Arun Rajan made recent open-market purchases, slightly increasing their ownership.

Calamos Advisors LLC boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 52.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,373 shares of the transportation company's stock after purchasing an additional 5,948 shares during the period. Calamos Advisors LLC's holdings in C.H. Robinson Worldwide were worth $2,793,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CHRW. Goldman Sachs Group Inc. increased its stake in C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company's stock worth $82,352,000 after purchasing an additional 24,788 shares during the period. United Services Automobile Association purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth approximately $259,000. Empowered Funds LLC increased its stake in C.H. Robinson Worldwide by 2.3% in the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company's stock worth $1,589,000 after purchasing an additional 350 shares during the period. Woodline Partners LP increased its stake in C.H. Robinson Worldwide by 41.3% in the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company's stock worth $1,027,000 after purchasing an additional 2,930 shares during the period. Finally, Focus Partners Wealth increased its stake in C.H. Robinson Worldwide by 9.9% in the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company's stock worth $407,000 after purchasing an additional 359 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $183.03 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $86.58 and a fifty-two week high of $203.34. The firm has a market cap of $21.57 billion, a P/E ratio of 37.89, a P/E/G ratio of 1.90 and a beta of 0.93. The business's 50 day moving average price is $175.42 and its 200-day moving average price is $165.67.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, beating 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 company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the company posted $1.21 earnings per share. The firm's revenue was down 6.5% on a year-over-year basis. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 5.98 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were given a dividend of $0.63 per share. The ex-dividend date was Friday, March 6th. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. C.H. Robinson Worldwide's payout ratio is currently 52.17%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Arun Rajan purchased 605 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average cost of $167.11 per share, for a total transaction of $101,101.55. Following the completion of the transaction, the insider directly owned 133,656 shares of the company's stock, valued at $22,335,254.16. This trade represents a 0.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David P. Bozeman purchased 1,223 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average price of $163.34 per share, for a total transaction of $199,764.82. Following the completion of the transaction, the chief executive officer directly owned 190,600 shares of the company's stock, valued at $31,132,604. This represents a 0.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 2,422 shares of company stock valued at $400,801 and sold 17,796 shares valued at $3,555,415. Company insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wolfe Research reaffirmed an "outperform" rating and issued a $188.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 8th. Weiss Ratings cut C.H. Robinson Worldwide from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, February 17th. Susquehanna decreased their price target on C.H. Robinson Worldwide from $220.00 to $215.00 and set a "positive" rating on the stock in a research note on Wednesday, April 22nd. Sanford C. Bernstein lifted their price objective on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a "market perform" rating in a research report on Friday, January 9th. Finally, Loop Capital set a $206.00 price objective on C.H. Robinson Worldwide in a research report on Monday, February 2nd. Fifteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $186.22.

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.

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