Trilogy Capital Inc. Trims Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Trilogy Capital trimmed its stake by 26.7%, selling 7,722 shares and leaving it with 21,239 shares of C.H. Robinson (worth $3.414 million at quarter-end).
• Other institutions significantly repositioned—Wellington Management grew its holding by 198.6% to 7.14 million shares and several firms opened or added large positions—leaving 93.15% of the stock held by hedge funds and other institutional investors.
• C.H. Robinson reported an EPS beat ($1.23 vs. $1.12) but revenue fell 6.5% year-over-year; the stock trades near $170 with a $20.06 billion market cap, a $0.63 quarterly dividend (1.5% yield), and a consensus analyst price target of $182.83.

Trilogy Capital Inc. reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 26.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,239 shares of the transportation company's stock after selling 7,722 shares during the period. Trilogy Capital Inc.'s holdings in C.H. Robinson Worldwide were worth $3,414,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CHRW. Wellington Management Group LLP grew its position in shares of C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company's stock valued at $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $72,929,000. Qube Research & Technologies Ltd grew its position in shares of C.H. Robinson Worldwide by 119.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company's stock valued at $76,169,000 after purchasing an additional 432,406 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of C.H. Robinson Worldwide by 68.5% during the 3rd quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company's stock valued at $139,194,000 after purchasing an additional 427,543 shares in the last quarter. Finally, Earnest Partners LLC purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $54,313,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 1.3%

Shares of NASDAQ:CHRW opened at $170.20 on Friday. C.H. Robinson Worldwide, Inc. has a 52-week low of $86.58 and a 52-week high of $203.34. The firm has a fifty day moving average of $179.05 and a 200 day moving average of $161.92. The firm has a market capitalization of $20.06 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 1.81 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were given a $0.63 dividend. The ex-dividend date was Friday, March 6th. This represents a $2.52 annualized dividend and a yield of 1.5%. C.H. Robinson Worldwide's payout ratio is 52.17%.

Analysts Set New Price Targets

CHRW has been the subject of a number of recent analyst reports. Loop Capital set a $206.00 price target on shares of C.H. Robinson Worldwide in a research report on Monday, February 2nd. Raymond James Financial restated an "outperform" rating and set a $215.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Susquehanna boosted their price target on shares of C.H. Robinson Worldwide from $210.00 to $220.00 and gave the company a "positive" rating in a research report on Thursday, January 29th. UBS Group set a $160.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the company an "overweight" rating in a research report on Monday, January 12th. Fifteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $182.83.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, CEO David P. Bozeman purchased 1,223 shares of the stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of $163.34 per share, with a total value of $199,764.82. Following the completion of the purchase, the chief executive officer directly owned 190,600 shares of the company's stock, valued at approximately $31,132,604. This trade represents a 0.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Arun Rajan purchased 605 shares of the stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of $167.11 per share, with a total value of $101,101.55. Following the completion of the purchase, the insider directly owned 133,656 shares of the company's stock, valued at $22,335,254.16. The trade was a 0.45% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 2,422 shares of company stock valued at $400,801 and sold 19,026 shares valued at $3,770,665. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide 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.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.