FNY Investment Advisers LLC Invests $38,000 in C.H. Robinson Worldwide, Inc. $CHRW

FNY Investment Advisers LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 400 shares of the transportation company’s stock, valued at approximately $38,000.

A number of other hedge funds have also recently made changes to their positions in CHRW. North Capital Inc. acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at about $25,000. WPG Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at about $32,000. Cullen Frost Bankers Inc. grew its holdings in shares of C.H. Robinson Worldwide by 203.4% during the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after buying an additional 299 shares during the last quarter. National Pension Service grew its holdings in shares of C.H. Robinson Worldwide by 74.4% during the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock valued at $44,000 after buying an additional 183 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at about $51,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHRW has been the subject of a number of analyst reports. Citigroup cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $134.00 to $148.00 in a report on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $127.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Baird R W raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. Susquehanna set a $165.00 price target on shares of C.H. Robinson Worldwide and gave the company a “positive” rating in a research report on Wednesday, September 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.05.

C.H. Robinson Worldwide Stock Up 0.5%

CHRW opened at $126.06 on Friday. The firm has a market capitalization of $14.89 billion, a P/E ratio of 28.72, a PEG ratio of 1.74 and a beta of 0.90. 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, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $138.00. The company’s 50-day moving average is $129.45 and its 200 day moving average is $108.71.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 earnings per share. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.48 annualized dividend and a yield of 2.0%. C.H. Robinson Worldwide’s payout ratio is currently 56.49%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the sale, the insider directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,577 shares of company stock valued at $1,714,544. Company insiders own 1.47% of the company’s stock.

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.