Interval Partners LP Acquires Shares of 937,146 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Interval Partners LP acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 937,146 shares of the transportation company’s stock, valued at approximately $82,581,000. C.H. Robinson Worldwide makes up 1.8% of Interval Partners LP’s investment portfolio, making the stock its 7th largest holding. Interval Partners LP owned approximately 0.80% of C.H. Robinson Worldwide at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can increased its position in C.H. Robinson Worldwide by 16.5% in the second quarter. Bank of Montreal Can now owns 260,064 shares of the transportation company’s stock worth $23,297,000 after purchasing an additional 36,769 shares during the last quarter. Public Sector Pension Investment Board purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth $411,000. ProShare Advisors LLC increased its holdings in shares of C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after buying an additional 526,872 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in shares of C.H. Robinson Worldwide by 45.7% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 6,752 shares of the transportation company’s stock valued at $595,000 after buying an additional 2,118 shares in the last quarter. Finally, AE Wealth Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 23.3% in the 2nd quarter. AE Wealth Management LLC now owns 30,607 shares of the transportation company’s stock valued at $2,697,000 after acquiring an additional 5,780 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $104.20 on Monday. The firm’s 50 day simple moving average is $97.80 and its 200-day simple moving average is $86.07. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $105.41. The firm has a market cap of $12.20 billion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 2.02 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the business posted $0.90 EPS. C.H. Robinson Worldwide’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.38%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 98.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Benchmark boosted their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. TD Cowen increased their price target on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a report on Thursday, August 1st. StockNews.com upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $99.00 in a research report on Monday, July 22nd. Finally, Barclays increased their target price on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $93.67.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.47% of the company’s stock.

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.