Fieldview Capital Management LLC Has $441,000 Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Fieldview Capital Management cut its stake in C.H. Robinson by 94.8% in Q3, selling 60,234 shares and finishing the period with 3,332 shares valued at $441,000.
• Insider activity was notable: Michael John Short sold 6,368 shares (~$1.28M) while CEO David P. Bozeman purchased 1,223 shares, bringing his direct holdings to 190,600 shares.
• C.H. Robinson beat EPS estimates ($1.23 vs. $1.12) despite revenue declining 6.5% YoY, declared a $0.63 quarterly dividend (1.4% yield), and holds a consensus analyst rating of Moderate Buy with a $181.29 target.

Fieldview Capital Management LLC decreased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 94.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,332 shares of the transportation company's stock after selling 60,234 shares during the quarter. Fieldview Capital Management LLC's holdings in C.H. Robinson Worldwide were worth $441,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in C.H. Robinson Worldwide in the second quarter valued at about $30,000. Clearstead Advisors LLC grew its stake in C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company's stock worth $32,000 after buying an additional 128 shares during the last quarter. Arlington Trust Co LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth approximately $34,000. MUFG Securities EMEA plc bought a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $34,000. Finally, Quent Capital LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $37,000. 93.15% of the stock is owned by institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of the company's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the sale, the insider owned 52,101 shares in the company, valued at approximately $10,487,931.30. The trade was a 10.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David P. Bozeman purchased 1,223 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 12th. The stock was bought 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 in the company, valued at $31,132,604. The trade was a 0.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. 0.91% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Down 3.3%

NASDAQ CHRW opened at $175.86 on Wednesday. The stock has a market capitalization of $20.86 billion, a P/E ratio of 36.41, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $203.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a fifty day moving average of $180.97 and a 200-day moving average of $156.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 34.24% and a net margin of 3.62%.The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 earnings per share. On average, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared 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. The ex-dividend date is 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%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup increased their price target on C.H. Robinson Worldwide from $177.00 to $202.00 and gave the stock a "neutral" rating in a research report on Friday, January 30th. UBS Group set a $160.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, January 29th. Wells Fargo & Company increased their target price on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, January 29th. Robert W. Baird set a $203.00 target price on C.H. Robinson Worldwide in a research note on Thursday, January 29th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $215.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $181.29.

C.H. Robinson Worldwide Company 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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