Entropy Technologies LP Acquires Shares of 1,900 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Entropy Technologies LP purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,900 shares of the transportation company’s stock, valued at approximately $210,000.

Other large investors have also recently modified their holdings of the company. QRG Capital Management Inc. lifted its position in C.H. Robinson Worldwide by 0.9% in the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after acquiring an additional 98 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in C.H. Robinson Worldwide by 13.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock worth $110,000 after buying an additional 120 shares in the last quarter. Quent Capital LLC raised its position in C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after buying an additional 146 shares during the last quarter. Finally, Redwood Investment Management LLC grew its stake in shares of C.H. Robinson Worldwide by 0.6% in the first quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock worth $2,143,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price target for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. Benchmark increased their price objective on shares of 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. Wells Fargo & Company boosted their target price on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average target price of $107.63.

C.H. Robinson Worldwide Trading Down 1.2 %

C.H. Robinson Worldwide stock opened at $110.19 on Monday. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $113.10. The firm’s 50 day moving average price is $106.75 and its 200-day moving average price is $96.12. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $13.03 billion, a P/E ratio of 38.13, a PEG ratio of 1.27 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a yield of 2.25%. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm’s 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 owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Company Profile

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.