Fox Run Management L.L.C. Buys Shares of 17,021 C.H. Robinson Worldwide, Inc. $CHRW

Fox Run Management L.L.C. purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 17,021 shares of the transportation company’s stock, valued at approximately $1,633,000.

Other hedge funds also recently modified their holdings of the company. WPG Advisers LLC bought a new position in C.H. Robinson Worldwide during the first quarter valued at $32,000. FNY Investment Advisers LLC purchased a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $38,000. Cullen Frost Bankers Inc. grew its stake in shares of C.H. Robinson Worldwide by 203.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock worth $43,000 after acquiring an additional 299 shares during the period. National Pension Service grew its stake in shares of C.H. Robinson Worldwide by 74.4% during the 1st quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after acquiring an additional 183 shares during the period. Finally, Ransom Advisory Ltd purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth about $51,000. Institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling

In other news, insider Arun Rajan sold 2,500 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the transaction, the insider owned 130,591 shares of the company’s stock, valued at $15,898,148.34. This represents a 1.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the sale, the insider directly owned 65,728 shares of the company’s stock, valued at $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 53,479 shares of company stock worth $7,835,281. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.8%

CHRW opened at $149.44 on Friday. The firm has a market capitalization of $17.65 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $158.70. The company has a fifty day moving average price of $133.38 and a 200-day moving average price of $112.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, December 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 50.30%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on shares of C.H. Robinson Worldwide from $117.00 to $131.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Benchmark reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Finally, Evercore ISI increased their target price on C.H. Robinson Worldwide from $155.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $143.00.

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.