GSA Capital Partners LLP Makes New $553,000 Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

GSA Capital Partners LLP purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,401 shares of the transportation company's stock, valued at approximately $553,000.

Several other hedge funds also recently bought and sold shares of CHRW. North Capital Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $25,000. NBC Securities Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $27,000. First Financial Corp IN acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $31,000. AdvisorNet Financial Inc boosted its holdings in shares of C.H. Robinson Worldwide by 252.1% during the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after purchasing an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of C.H. Robinson Worldwide by 31.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Up 1.0%

Shares of NASDAQ CHRW opened at $115.03 on Tuesday. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $116.28. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.82 and a beta of 0.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.29 and a current ratio of 1.31. The stock's 50-day simple moving average is $97.91 and its 200-day simple moving average is $97.35.

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 for the quarter, beating the consensus estimate of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%. C.H. Robinson Worldwide's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 earnings per share. As a group, equities 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 was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's payout ratio is currently 56.49%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CHRW. UBS Group restated a "buy" rating and set a $133.00 price objective (up previously from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Wolfe Research upgraded C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a report on Tuesday, July 1st. Susquehanna reiterated a "positive" rating and issued a $120.00 target price (up previously from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Stifel Nicolaus lifted their target price on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a 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 stock an "overweight" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $116.33.

Insiders Place Their Bets

In related news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the sale, the insider directly owned 71,441 shares of the company's stock, valued at $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide 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.

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