C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Savant Capital LLC

Savant Capital LLC reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,643 shares of the transportation company’s stock after selling 4,309 shares during the period. Savant Capital LLC’s holdings in C.H. Robinson Worldwide were worth $17,959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in C.H. Robinson Worldwide by 3.2% during the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after buying an additional 24,788 shares in the last quarter. United Services Automobile Association purchased a new stake in C.H. Robinson Worldwide during the 1st quarter worth about $259,000. Empowered Funds LLC raised its stake in C.H. Robinson Worldwide by 2.3% in the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 350 shares during the last quarter. Woodline Partners LP raised its stake in C.H. Robinson Worldwide by 41.3% in the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock valued at $1,027,000 after purchasing an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in C.H. Robinson Worldwide by 9.9% in the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.5%

Shares of NASDAQ CHRW opened at $198.74 on Thursday. The stock has a market capitalization of $23.48 billion, a PE ratio of 41.15, a P/E/G ratio of 2.10 and a beta of 0.90. The company has a quick ratio of 1.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The firm has a fifty day moving average of $169.18 and a 200-day moving average of $143.94. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $202.79.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the firm earned $1.21 earnings per share. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

Insider Activity

In other news, insider Michael D. Castagnetto sold 2,849 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $194.20, for a total transaction of $553,275.80. Following the completion of the sale, the insider owned 28,149 shares in the company, valued at approximately $5,466,535.80. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael John Short sold 2,390 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 55,158 shares in the company, valued at $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. Insiders sold a total of 6,469 shares of company stock worth $1,155,491 over the last ninety days. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CHRW shares. Susquehanna lifted their price target on shares of C.H. Robinson Worldwide from $210.00 to $220.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. TD Cowen lifted their target price on shares of 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. Bank of America boosted their price target on C.H. Robinson Worldwide from $167.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, December 24th. JPMorgan Chase & Co. raised their price objective on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $188.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 8th. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.29.

More C.H. Robinson Worldwide News

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

• Positive Sentiment: Analyst price-target increase: a published note raised CHRW’s target ~15.8% to $197.13, signaling renewed buy-side conviction after recent results. CH Robinson Worldwide (CHRW) price target increased by 15.78% to 197.13
• Positive Sentiment: Momentum / technical breakout: coverage highlights CHRW hitting a 52-week high, which tends to attract momentum flows and fund interest. C.H. Robinson Worldwide, Inc. (CHRW) Hit a 52 Week High, Can the Run Continue?
• Positive Sentiment: Positive media/analyst commentary: high-profile bullish mentions (including Jim Cramer and multiple growth/momentum write-ups) are reinforcing investor sentiment. Jim Cramer on C.H. Robinson: “This One’s Still a Terrific Stock”
• Neutral Sentiment: Analyst Q&A from the Q4 call may shape near-term guidance expectations — useful for assessing management’s view on freight demand and margin trajectory. 5 must-read analyst questions from CH Robinson Worldwide’s Q4 earnings call
• Neutral Sentiment: Q4 fundamentals were mixed: EPS beat but revenue slightly missed and was down ~6.5% year-over-year — good for margins but a reminder demand remains uneven (this helps explain both bull and cautious views).
• Negative Sentiment: Insider selling: director Michael D. Castagnetto sold 2,849 shares (~$553k), trimming his stake ~9.2% — a signal some insiders are taking profits after the rally. Filing: SEC Filing: Castagnetto sale

C.H. Robinson Worldwide Company Profile

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.