Transcend Capital Advisors LLC Invests $460,000 in C.H. Robinson Worldwide, Inc. $CHRW

Transcend Capital Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, Holdings Channel.com reports. The firm purchased 3,475 shares of the transportation company’s stock, valued at approximately $460,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. Vanguard Group Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company’s stock worth $1,404,989,000 after purchasing an additional 56,549 shares in the last quarter. State Street Corp raised its position in C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after acquiring an additional 397,177 shares in the last quarter. Boston Partners lifted its stake in C.H. Robinson Worldwide by 53.0% in the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after acquiring an additional 1,218,968 shares during the last quarter. Invesco Ltd. grew its position in C.H. Robinson Worldwide by 5.1% in the second quarter. Invesco Ltd. now owns 2,402,945 shares of the transportation company’s stock worth $230,563,000 after acquiring an additional 117,222 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of C.H. Robinson Worldwide by 78.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock worth $193,219,000 after purchasing an additional 884,160 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide News Roundup

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: High-profile bullish coverage — Jim Cramer called CHRW “still a terrific stock,” raising investor attention and likely driving short-term buying interest. Jim Cramer on CH Robinson: “This one’s still a terrific stock” Jim Cramer on C.H. Robinson: “This One’s Still a Terrific Stock”
• Positive Sentiment: Analyst/style-score pieces (Zacks and syndicated MSN articles) are labeling CHRW a top-ranked momentum and strong-growth stock, which tends to pull in momentum-focused funds and retail buyers. C.H. Robinson Worldwide (CHRW) is a Great Momentum Stock: Should You Buy? Here’s Why C.H. Robinson Worldwide (CHRW) is a Strong Growth Stock
• Positive Sentiment: Technical/momentum dynamics: reported intraday volume is above the stock’s average and the shares are trading above their 50- and 200-day moving averages — conditions that often amplify momentum-driven gains. (Market/trading data)
• Neutral Sentiment: Short-interest reports flagged “significant increases” for early February but show nonsensical values (0 shares / NaN / 0.0 days to cover). This looks like a data anomaly and is unlikely to be a meaningful driver unless a validated rise in short interest is reported. (Entries dated Feb 2–3)

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $199.71 on Wednesday. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $202.80. The company has a market cap of $23.59 billion, a P/E ratio of 41.35, a P/E/G ratio of 2.09 and a beta of 0.90. The business’s 50 day moving average is $168.39 and its two-hundred day moving average is $143.55. The company has a quick ratio of 1.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the business earned $1.21 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were given a $0.63 dividend. The ex-dividend date was Friday, December 5th. This represents a $2.52 annualized dividend and a yield of 1.3%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 52.17%.

Analyst Ratings Changes

CHRW has been the subject of several analyst reports. Morgan Stanley lifted their price objective on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Thursday, January 29th. Truist Financial boosted their price target on C.H. Robinson Worldwide from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. TD Cowen upped their price target on C.H. Robinson Worldwide from $165.00 to $194.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Wolfe Research reissued an “outperform” rating and issued a $188.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. upped their target price on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $181.29.

Insider Activity

In other news, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the transaction, the insider owned 65,728 shares in the company, valued at approximately $9,840,138.88. The trade was a 43.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael John Short sold 2,390 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $161.91, for a total transaction of $386,964.90. Following the completion of the sale, the insider owned 55,158 shares of the company’s stock, valued at approximately $8,930,631.78. The trade was a 4.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 53,504 shares of company stock worth $8,070,349. Insiders own 0.91% of the company’s stock.

About C.H. Robinson Worldwide

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.