Hudson Bay Capital Management LP Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

Hudson Bay Capital Management LP purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 23,302 shares of the transportation company’s stock, valued at approximately $3,085,000.

A number of other hedge funds also recently modified their holdings of CHRW. Transcend Capital Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $460,000. Raiffeisen Bank International AG bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $937,000. Mairs & Power Inc. raised its stake in C.H. Robinson Worldwide by 0.7% in the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock valued at $115,153,000 after acquiring an additional 6,188 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in C.H. Robinson Worldwide by 8,726.0% during the third quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock valued at $2,341,000 after purchasing an additional 17,452 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in C.H. Robinson Worldwide by 91.8% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,774 shares of the transportation company’s stock worth $1,559,000 after purchasing an additional 5,634 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $168.88 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $203.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $20.03 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 1.78 and a beta of 0.90. The firm’s fifty day moving average price is $181.96 and its 200-day moving average price is $158.55.

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

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, March 6th. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio is 52.17%.

Insider Activity at C.H. Robinson Worldwide

In other news, CEO David P. Bozeman acquired 1,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average cost of $163.34 per share, with a total value of $199,764.82. Following the acquisition, the chief executive officer owned 190,600 shares in the company, valued at approximately $31,132,604. This represents a 0.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael John Short sold 6,368 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $201.30, for a total value of $1,281,878.40. Following the completion of the sale, the insider owned 52,101 shares of the company’s stock, valued at $10,487,931.30. The trade was a 10.89% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders bought 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. 1.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CHRW shares. Robert W. Baird set a $203.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $180.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Wells Fargo & Company lifted their price objective on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Weiss Ratings cut shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $200.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $181.29.

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.