2,678 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Bought by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,678 shares of the transportation company’s stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHRW. Arrowstreet Capital Limited Partnership purchased a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $377,000. Renaissance Technologies LLC boosted its position in C.H. Robinson Worldwide by 172.7% in the 4th quarter. Renaissance Technologies LLC now owns 152,708 shares of the transportation company’s stock valued at $15,778,000 after buying an additional 96,700 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in C.H. Robinson Worldwide by 0.5% in the 4th quarter. Treasurer of the State of North Carolina now owns 52,424 shares of the transportation company’s stock valued at $5,416,000 after buying an additional 260 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of C.H. Robinson Worldwide by 57.3% in the 4th quarter. Sterling Capital Management LLC now owns 6,882 shares of the transportation company’s stock valued at $711,000 after purchasing an additional 2,508 shares in the last quarter. Finally, Mariner LLC raised its stake in shares of C.H. Robinson Worldwide by 5.1% in the 4th quarter. Mariner LLC now owns 32,146 shares of the transportation company’s stock valued at $3,321,000 after purchasing an additional 1,568 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CHRW shares. JPMorgan Chase & Co. upped their target price on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. TD Securities upped their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. Stifel Nicolaus increased their price objective on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Susquehanna reiterated a “positive” rating and set a $120.00 price objective (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. Finally, Baird R W upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $116.33.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 6,364 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the sale, the insider directly owned 60,401 shares in the company, valued at approximately $7,081,413.24. This trade represents a 9.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela K. Freeman sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider owned 71,441 shares of the company’s stock, valued at $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.5%

C.H. Robinson Worldwide stock opened at $116.24 on Tuesday. The firm has a 50 day simple moving average of $99.99 and a 200-day simple moving average of $97.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $13.73 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 1.84 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $119.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business’s revenue was down 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.15 earnings per share. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS 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, October 2nd. Stockholders of record on Friday, September 5th will be issued a $0.62 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 2.1%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 56.49%.

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.