AlphaQuest LLC Increases Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

AlphaQuest LLC raised its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 152.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,116 shares of the transportation company’s stock after purchasing an additional 4,298 shares during the period. AlphaQuest LLC’s holdings in C.H. Robinson Worldwide were worth $683,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. lifted its position in C.H. Robinson Worldwide by 2.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock valued at $407,000 after buying an additional 105 shares during the period. Perpetual Ltd lifted its position in C.H. Robinson Worldwide by 2.3% during the second quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock valued at $483,000 after buying an additional 112 shares during the period. Deseret Mutual Benefit Administrators increased its holdings in shares of C.H. Robinson Worldwide by 5.5% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company’s stock valued at $223,000 after acquiring an additional 114 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in shares of C.H. Robinson Worldwide by 1.9% during the first quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company’s stock valued at $663,000 after acquiring an additional 121 shares in the last quarter. Finally, Mutual Advisors LLC increased its holdings in shares of C.H. Robinson Worldwide by 1.4% during the second quarter. Mutual Advisors LLC now owns 9,154 shares of the transportation company’s stock valued at $940,000 after acquiring an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CHRW. Stifel Nicolaus raised their price target on C.H. Robinson Worldwide from $111.00 to $144.00 and gave the company a “buy” rating in a report on Friday, October 10th. Evercore ISI raised their price target on C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Barclays upgraded C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $95.00 to $130.00 in a report on Wednesday, October 1st. Baird R W upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. Finally, Wolfe Research upgraded C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price target for the company in a report on Tuesday, July 1st. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.05.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the business’s 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 $15,898,148.34. The trade was a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael John Short sold 6,364 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock worth $1,714,544 in the last three months. 0.91% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $129.06 on Tuesday. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $138.00. The stock has a 50-day moving average of $129.58 and a 200 day moving average of $109.24. The company has a market capitalization of $15.24 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 1.74 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released 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 business had revenue of $4.14 billion during 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 business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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