Interval Partners LP Purchases New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Interval Partners LP has acquired a new position in C.H. Robinson Worldwide, Inc., purchasing 116,610 shares valued at approximately $11.94 million.
• Several large hedge funds, including Boston Partners and Allianz Asset Management, have significantly increased their holdings in C.H. Robinson Worldwide during the first quarter.
• C.H. Robinson Worldwide reported its most recent earnings, beating analysts' expectations with an EPS of $1.29, although revenue declined by 7.7% year-over-year to $4.14 billion.

Interval Partners LP bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 116,610 shares of the transportation company's stock, valued at approximately $11,941,000. Interval Partners LP owned about 0.10% of C.H. Robinson Worldwide as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHRW. Boston Partners bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $234,304,000. Allianz Asset Management GmbH lifted its stake in shares of C.H. Robinson Worldwide by 144.4% in the first quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company's stock worth $80,292,000 after buying an additional 463,216 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of C.H. Robinson Worldwide by 7,706.1% during the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock valued at $46,578,000 after purchasing an additional 449,034 shares in the last quarter. Nuveen LLC bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at $40,825,000. Finally, Northern Trust Corp lifted its holdings in shares of C.H. Robinson Worldwide by 30.3% during the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company's stock valued at $174,393,000 after purchasing an additional 396,264 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. Citigroup upped their price target on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Stifel Nicolaus boosted their price objective on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company boosted their price objective on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Barclays reissued an "underweight" rating and set a $95.00 price objective (up from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Finally, Wolfe Research raised shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and a consensus price target of $117.24.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the company's stock in a transaction that occurred 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 $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael John Short sold 6,364 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the transaction, the insider owned 60,401 shares of the company's stock, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock worth $1,714,544 over the last three months. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Stock Down 0.7%

Shares of CHRW stock opened at $127.84 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $131.17. The stock has a market cap of $15.10 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.02 and a beta of 0.87. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a 50 day simple moving average of $111.03 and a two-hundred day simple moving average of $100.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the prior year, the company earned $1.15 earnings per share. The firm's revenue was down 7.7% on a year-over-year basis. On average, research 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 announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is currently 56.49%.

About C.H. Robinson Worldwide

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.

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.