Sagefield Capital LP Makes New Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sagefield Capital LP acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,520 shares of the transportation company's stock, valued at approximately $2,430,000.

Other hedge funds have also recently added to or reduced their stakes in the company. National Pension Service acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $25,000. Proficio Capital Partners LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $33,000. Missouri Trust & Investment Co acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $41,000. Mainstream Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at $41,000. Finally, Brooklyn Investment Group boosted its holdings in shares of C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock valued at $48,000 after acquiring an additional 316 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $100.28 on Friday. The business has a fifty day simple moving average of $94.15 and a 200 day simple moving average of $100.70. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. 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 one year low of $81.39 and a one year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The business's revenue was down 8.3% compared to the same quarter last year. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's payout ratio is presently 59.33%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents a 12.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,716 shares of company stock worth $1,858,008. Insiders own 1.47% of the company's stock.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their price objective on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Truist Financial initiated coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They set a "buy" rating and a $115.00 price objective on the stock. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price objective on the stock in a research note on Friday, January 31st. Finally, Evercore ISI cut their price objective on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.29.

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.

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