5,512 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Purchased by LMR Partners LLP

LMR Partners LLP bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,512 shares of the transportation company's stock, valued at approximately $608,000.

Several other hedge funds have also recently modified their holdings of CHRW. Quent Capital LLC grew its stake in shares of C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock valued at $26,000 after buying an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company's stock worth $26,000 after purchasing an additional 185 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after purchasing an additional 111 shares during the period. Eastern Bank acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded down $0.05 during midday trading on Wednesday, reaching $109.03. The company had a trading volume of 645,392 shares, compared to its average volume of 1,518,764. The stock has a market cap of $12.89 billion, a P/E ratio of 37.74, a P/E/G ratio of 1.27 and a beta of 0.84. The company's 50 day moving average price is $107.08 and its 200 day moving average price is $96.52. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. C.H. Robinson Worldwide's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.27%. C.H. Robinson Worldwide's payout ratio is 85.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 13th. Benchmark boosted their target price on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. UBS Group raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Wells Fargo & Company boosted their price target on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an "equal weight" rating in a report on Thursday, August 1st. Finally, BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $107.63.

Insider Activity

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company's stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.18% of the company's stock.

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.