Gotham Asset Management LLC Buys 98,004 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Gotham Asset Management LLC has increased its stake in C.H. Robinson Worldwide, Inc. by 78.9%, now owning 222,154 shares valued at approximately $22.7 million.
• Several large investors are also significantly increasing their holdings in C.H. Robinson, with hedge funds and institutional investors owning 93.15% of the company's stock.
• C.H. Robinson reported earnings per share of $1.29 for the last quarter, exceeding estimates, despite experiencing a 7.7% year-over-year decline in revenue.

Gotham Asset Management LLC boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 78.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 222,154 shares of the transportation company's stock after purchasing an additional 98,004 shares during the quarter. Gotham Asset Management LLC owned about 0.19% of C.H. Robinson Worldwide worth $22,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. North Capital Inc. acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth about $25,000. NBC Securities Inc. acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth about $27,000. First Financial Corp IN acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth about $31,000. WPG Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth about $32,000. Finally, AdvisorNet Financial Inc grew its position in shares of C.H. Robinson Worldwide by 252.1% in the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after purchasing an additional 300 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Down 1.3%

NASDAQ:CHRW traded down $1.71 during trading hours on Friday, reaching $126.13. 1,448,044 shares of the stock were exchanged, compared to its average volume of 1,437,034. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $131.17. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50 day moving average of $111.62 and a 200 day moving average of $101.03. The stock has a market cap of $14.89 billion, a PE ratio of 28.73, a PEG ratio of 1.98 and a beta of 0.87.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The company had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the prior year, the business posted $1.15 EPS. The business's revenue was down 7.7% compared to the same quarter last year. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is 56.49%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the transaction, the insider directly owned 60,401 shares of the company's stock, valued at $7,081,413.24. This represents a 9.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Arun Rajan sold 2,500 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,577 shares of company stock worth $1,714,544. Company insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Baird R W upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Susquehanna reiterated a "positive" rating and issued a $120.00 price objective (up from $115.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, June 24th. Raymond James Financial set a $111.00 price objective on C.H. Robinson Worldwide and gave the company an "outperform" rating in a research report on Tuesday, July 15th. TD Cowen boosted their price objective on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.24.

C.H. Robinson Worldwide Company Profile

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.