Polar Asset Management Partners Inc. Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Polar Asset Management Partners Inc. acquired 15,124 shares of C.H. Robinson Worldwide, valued at approximately $1,549,000, during the 1st quarter, according to a recent 13F filing with the SEC.
• Multiple institutional investors have increased their stakes in C.H. Robinson Worldwide, with 93.15% of the company's stock now owned by institutional investors.
• C.H. Robinson Worldwide's stock has seen various analyst upgrades, leading to a current consensus rating of "Moderate Buy" and a price target of $117.24.

Polar Asset Management Partners Inc. acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,124 shares of the transportation company's stock, valued at approximately $1,549,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CHRW. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of C.H. Robinson Worldwide by 2.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company's stock worth $407,000 after acquiring an additional 105 shares during the period. Nissay Asset Management Corp Japan ADV grew its position in C.H. Robinson Worldwide by 0.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock worth $1,483,000 after buying an additional 112 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of C.H. Robinson Worldwide by 5.5% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after purchasing an additional 114 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of C.H. Robinson Worldwide by 31.7% in the 1st 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 in the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its holdings in shares of C.H. Robinson Worldwide by 1.9% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company's stock worth $663,000 after purchasing an additional 121 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Barclays reaffirmed an "underweight" rating and issued a $95.00 price objective (up previously from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Baird R W raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Susquehanna reissued a "positive" rating and set a $120.00 price objective (up from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. Finally, Raymond James Financial set a $111.00 target price on C.H. Robinson Worldwide and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $117.24.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the sale, the insider directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arun Rajan sold 2,500 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the sale, the insider directly owned 130,591 shares of the company's stock, valued at approximately $15,898,148.34. This trade represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,577 shares of company stock valued at $1,714,544. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

CHRW traded up $0.87 during trading on Friday, reaching $131.89. The company's stock had a trading volume of 555,001 shares, compared to its average volume of 1,344,938. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $114.01 and a two-hundred day simple moving average of $101.77. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $131.89. The company has a market cap of $15.57 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 2.00 and a beta of 0.87.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the previous year, the company earned $1.15 EPS. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, analysts anticipate 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, October 2nd. Shareholders of record on Friday, September 5th will be paid a $0.62 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. C.H. Robinson Worldwide's payout ratio is 56.49%.

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.