Three Seasons Wealth LLC Makes New $574,000 Investment in C.H. Robinson Worldwide, Inc. $CHRW

Three Seasons Wealth LLC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,560 shares of the transportation company’s stock, valued at approximately $574,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in shares of C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares during the period. Norges Bank bought a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at $118,976,000. Westfield Capital Management Co. LP bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth $72,929,000. Qube Research & Technologies Ltd increased its holdings in C.H. Robinson Worldwide by 119.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock worth $76,169,000 after acquiring an additional 432,406 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in C.H. Robinson Worldwide by 68.5% in the 3rd quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company’s stock valued at $139,194,000 after acquiring an additional 427,543 shares during the period. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $166.07 on Wednesday. The stock has a market cap of $19.57 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 1.70 and a beta of 0.90. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The business has a 50-day simple moving average of $180.82 and a 200 day simple moving average of $160.64. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results 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 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 posted $1.21 EPS. The company’s revenue was down 6.5% compared to the same quarter last year. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders 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 yield of 1.5%. C.H. Robinson Worldwide’s payout ratio is presently 52.17%.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 8,579 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 9th. The shares were sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the completion of the sale, the insider directly owned 55,611 shares of the company’s stock, valued at approximately $11,151,117.72. The trade was a 13.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael John Short sold 6,368 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the transaction, the insider owned 52,101 shares of the company’s stock, valued at $10,487,931.30. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have bought 2,422 shares of company stock worth $400,801 and have sold 19,026 shares worth $3,770,665. 0.91% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $180.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Sanford C. Bernstein raised their price objective on shares of C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Wolfe Research reiterated 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. Robert W. Baird set a $203.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Finally, Weiss Ratings downgraded C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Fifteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.83.

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.