Y Intercept Hong Kong Ltd Increases Stake in C.H. Robinson Worldwide, Inc. $CHRW

Y Intercept Hong Kong Ltd boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 370.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,850 shares of the transportation company’s stock after purchasing an additional 43,978 shares during the period. Y Intercept Hong Kong Ltd’s holdings in C.H. Robinson Worldwide were worth $5,359,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CHRW. Boston Partners purchased a new position in C.H. Robinson Worldwide in the 1st quarter worth approximately $234,304,000. Allianz Asset Management GmbH increased its stake in C.H. Robinson Worldwide by 144.4% in the 1st quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company’s stock worth $80,292,000 after purchasing an additional 463,216 shares during the period. Nuveen LLC purchased a new position in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $40,825,000. Northern Trust Corp increased its stake in shares of C.H. Robinson Worldwide by 30.3% during the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock valued at $174,393,000 after buying an additional 396,264 shares during the period. Finally, Jupiter Asset Management Ltd. increased its stake in shares of C.H. Robinson Worldwide by 76.3% during the first quarter. Jupiter Asset Management Ltd. now owns 705,786 shares of the transportation company’s stock valued at $72,272,000 after buying an additional 305,368 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 2.4%

C.H. Robinson Worldwide stock opened at $129.06 on Tuesday. The company has a market capitalization of $15.24 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.90. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00. The business’s fifty day simple moving average is $129.58 and its two-hundred day simple moving average is $109.24.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 earnings per share. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. C.H. Robinson Worldwide’s dividend payout ratio is currently 56.49%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the transaction, the insider owned 60,401 shares of the company’s stock, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Arun Rajan sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares in the company, valued at $15,898,148.34. This trade 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. 0.91% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CHRW. Wolfe Research raised C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 target price on the stock in a research note on Tuesday, July 1st. JPMorgan Chase & Co. boosted their target price on C.H. Robinson Worldwide from $126.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Barclays raised C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $95.00 to $130.00 in a research note on Wednesday, October 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, October 8th. Finally, Truist Financial set a $150.00 target price on C.H. Robinson Worldwide in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $136.05.

C.H. Robinson Worldwide 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.