Y Intercept Hong Kong Ltd Makes New $5.52 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Y Intercept Hong Kong Ltd purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 33,230 shares of the transportation company’s stock, valued at approximately $5,519,000.

Several other large investors have also recently made changes to their positions in CHRW. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at $7,274,000. Elevation Point Wealth Partners LLC raised its position in C.H. Robinson Worldwide by 168.5% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 11,031 shares of the transportation company’s stock worth $1,835,000 after purchasing an additional 6,923 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its stake in C.H. Robinson Worldwide by 166.9% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 9,555 shares of the transportation company’s stock worth $1,587,000 after purchasing an additional 5,975 shares during the last quarter. Blue Capital Inc. purchased a new stake in C.H. Robinson Worldwide during the first quarter valued at about $247,000. Finally, Keybank National Association OH boosted its position in C.H. Robinson Worldwide by 2.9% during the first quarter. Keybank National Association OH now owns 3,153 shares of the transportation company’s stock valued at $524,000 after buying an additional 88 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the topic of several analyst reports. UBS Group lifted their price objective on C.H. Robinson Worldwide from $224.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Susquehanna decreased their price target on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Raymond James Financial lowered their price objective on C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a research note on Friday, May 1st. Sixteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average target price of $195.35.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $189.85 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The firm has a market cap of $22.38 billion, a P/E ratio of 38.43, a P/E/G ratio of 1.64 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 1-year low of $96.27 and a 1-year high of $203.34. The firm has a 50-day moving average of $180.24 and a 200-day moving average of $177.03.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.C.H. Robinson Worldwide’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.