C.H. Robinson Worldwide, Inc. $CHRW is Clarkston Capital Partners LLC's 10th Largest Position

Key Points

• Clarkston Capital cut its position in C.H. Robinson by 23.5% in Q3 to 1,083,588 shares, making CHRW its 10th-largest holding and representing 3.1% of the fund (Clarkston owns about 0.92% of CHRW, valued at ~$143.5M).
• C.H. Robinson beat quarterly EPS estimates ($1.23 vs. $1.12) while revenue fell 6.5% year-over-year; the company has a market cap of $21.3B, a P/E of ~37, a 52-week range of $84.68–$203.34, and pays a $0.63 quarterly dividend (≈1.4% yield).
• Insiders were net sellers recently (21,416 shares sold vs. 2,422 bought in the last 90 days) even as analysts hold a consensus "Moderate Buy" with an average target of ~$181.29 (15 Buy, 8 Hold, 1 Sell).

Clarkston Capital Partners LLC decreased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 23.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,083,588 shares of the transportation company's stock after selling 332,919 shares during the period. C.H. Robinson Worldwide accounts for 3.1% of Clarkston Capital Partners LLC's portfolio, making the stock its 10th largest position. Clarkston Capital Partners LLC owned about 0.92% of C.H. Robinson Worldwide worth $143,467,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in CHRW. Vanguard Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company's stock valued at $1,404,989,000 after buying an additional 56,549 shares during the period. State Street Corp boosted its holdings in C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company's stock valued at $716,423,000 after acquiring an additional 397,177 shares during the last quarter. Boston Partners grew its position in C.H. Robinson Worldwide by 53.0% during the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company's stock valued at $340,646,000 after acquiring an additional 1,218,968 shares during the period. Invesco Ltd. grew its position in C.H. Robinson Worldwide by 5.1% during the second quarter. Invesco Ltd. now owns 2,402,945 shares of the transportation company's stock valued at $230,563,000 after acquiring an additional 117,222 shares during the period. Finally, ProShare Advisors LLC increased its stake in C.H. Robinson Worldwide by 11.3% during the second quarter. ProShare Advisors LLC now owns 1,775,758 shares of the transportation company's stock worth $170,384,000 after acquiring an additional 180,635 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $179.64 on Monday. The firm has a market cap of $21.31 billion, a P/E ratio of 37.19, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90. 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 1 year low of $84.68 and a 1 year high of $203.34. The stock has a 50-day simple moving average of $180.33 and a 200-day simple moving average of $155.54.

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 EPS 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 firm 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 EPS. C.H. Robinson Worldwide's revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide's payout ratio is presently 52.17%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of the business's stock in a transaction on 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 transaction, the insider owned 52,101 shares in the company, valued at $10,487,931.30. The trade was a 10.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 2,849 shares of the business's stock in a transaction 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 completion of the transaction, the insider owned 28,149 shares in the company, valued at $5,466,535.80. This represents a 9.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, 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 owned by company insiders.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several research analyst reports. Raymond James Financial reaffirmed an "outperform" rating and issued a $215.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Morgan Stanley increased their target price on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock an "underweight" rating in a research report on Thursday, January 29th. Evercore raised their price target on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an "outperform" rating in a report on Thursday, January 29th. Truist Financial lifted their price target on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $200.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Fifteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $181.29.

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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