Weiss Asset Management LP Makes New Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Weiss Asset Management LP acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,175 shares of the transportation company’s stock, valued at approximately $3,099,000.

Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of C.H. Robinson Worldwide by 0.8% in the 3rd quarter. BlackRock Inc. now owns 15,539,864 shares of the transportation company’s stock valued at $1,496,647,000 after purchasing an additional 129,133 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of C.H. Robinson Worldwide by 70.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,440,384 shares of the transportation company’s stock valued at $247,382,000 after purchasing an additional 1,012,401 shares during the last quarter. Invesco Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 6.5% in the 1st quarter. Invesco Ltd. now owns 1,367,124 shares of the transportation company’s stock valued at $147,252,000 after purchasing an additional 83,250 shares during the last quarter. Eaton Vance Management boosted its stake in shares of C.H. Robinson Worldwide by 27.0% in the 1st quarter. Eaton Vance Management now owns 1,328,146 shares of the transportation company’s stock valued at $143,054,000 after purchasing an additional 282,532 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of C.H. Robinson Worldwide by 4.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 1,304,652 shares of the transportation company’s stock valued at $125,651,000 after purchasing an additional 54,807 shares during the last quarter. Institutional investors own 96.01% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $95.91 on Friday. The company’s fifty day simple moving average is $99.42 and its 200-day simple moving average is $98.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.68. The firm has a market cap of $11.17 billion, a PE ratio of 13.14, a P/E/G ratio of 2.91 and a beta of 0.79. C.H. Robinson Worldwide, Inc. has a 12 month low of $86.60 and a 12 month high of $121.23.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last announced its quarterly earnings data on Wednesday, February 1st. The transportation company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.32). The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $5.59 billion. C.H. Robinson Worldwide had a return on equity of 54.06% and a net margin of 3.82%. The business’s revenue for the quarter was down 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 EPS. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.57 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Friday, March 3rd will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.54%. The ex-dividend date is Thursday, March 2nd. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 33.42%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 3,496 shares of the company’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $101.29, for a total transaction of $354,109.84. Following the sale, the insider now directly owns 75,928 shares of the company’s stock, valued at $7,690,747.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CHRW shares. Sanford C. Bernstein reduced their price objective on shares of C.H. Robinson Worldwide from $110.00 to $92.00 and set a “market perform” rating on the stock in a research note on Thursday, February 2nd. Cowen cut shares of C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $106.00 to $91.00 in a report on Thursday, January 5th. Bank of America cut shares of C.H. Robinson Worldwide from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $95.00 to $88.00 in a report on Tuesday, January 17th. StockNews.com assumed coverage on shares of C.H. Robinson Worldwide in a report on Thursday. They set a “hold” rating for the company. Finally, The Goldman Sachs Group cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $102.00 to $93.00 in a report on Tuesday, January 10th. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average target price of $98.81.

C.H. Robinson Worldwide Company Profile

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C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.