Tidal Investments LLC Increases Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Tidal Investments LLC increased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 50.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,286 shares of the transportation company’s stock after acquiring an additional 7,482 shares during the period. Tidal Investments LLC’s holdings in C.H. Robinson Worldwide were worth $2,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHRW. Venturi Wealth Management LLC raised 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 worth $27,000 after purchasing an additional 111 shares during the last quarter. Quarry LP increased its holdings in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after buying an additional 171 shares during the period. Eastern Bank purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at approximately $55,000. Finally, EdgeRock Capital LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $62,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $118.00 to $130.00 in a report on Monday, December 9th. Citigroup lowered C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 22nd. Barclays upped their target price on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Finally, Susquehanna decreased their price target on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $111.19.

C.H. Robinson Worldwide Stock Down 2.3 %

CHRW opened at $111.38 on Monday. The company has a market cap of $13.17 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The company has a 50-day moving average price of $108.09 and a 200 day moving average price of $99.61. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS 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 analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.38 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, January 2nd. Shareholders of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.23%. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

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.