Moore Capital Management LP Boosts Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Moore Capital Management LP grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 57.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,270 shares of the transportation company's stock after buying an additional 19,809 shares during the quarter. Moore Capital Management LP's holdings in C.H. Robinson Worldwide were worth $5,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. National Pension Service purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at approximately $25,000. Proficio Capital Partners LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $33,000. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $41,000. Mainstream Capital Management LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $41,000. Finally, Brooklyn Investment Group raised its holdings in C.H. Robinson Worldwide by 213.5% in the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock worth $48,000 after purchasing an additional 316 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CHRW shares. Citigroup decreased their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price on the stock in a research note on Friday, January 31st. UBS Group reduced their target price on C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Stephens reaffirmed an "equal weight" rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Finally, StockNews.com cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.29.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the transaction, the insider now owns 71,441 shares in the company, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This trade represents a 12.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,716 shares of company stock worth $1,858,008 over the last quarter. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock traded up $1.53 on Friday, reaching $100.28. 1,634,809 shares of the stock were exchanged, compared to its average volume of 1,381,652. The business has a 50 day moving average price of $94.10 and a two-hundred day moving average price of $100.75. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide, Inc. has a twelve month low of $81.39 and a twelve month high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the previous year, the business posted $0.86 EPS. The business's quarterly revenue was down 8.3% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a $0.62 dividend. The ex-dividend date is Friday, June 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.47%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 59.33%.

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.