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

Y Intercept Hong Kong Ltd purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 33,230 shares of the transportation company’s stock, valued at approximately $5,519,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of Jackson Hole Trust bought a new position in C.H. Robinson Worldwide in the 4th quarter worth about $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $27,000. DV Equities LLC purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth about $27,000. CYBER HORNET ETFs LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. Finally, Bayban bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $32,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW stock opened at $189.85 on Friday. The firm has a 50 day simple moving average of $180.24 and a two-hundred day simple moving average of $177.03. The stock has a market cap of $22.38 billion, a PE 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 one year low of $96.27 and a one year high of $203.34. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the company posted $1.17 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Analyst Ratings Changes

CHRW has been the topic of a number of analyst reports. Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $199.00 target price on the stock. in a report on Monday, June 15th. Raymond James Financial cut their price target on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating for the company in a report on Thursday. Bank of America reduced their price target on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a research report on Friday, May 1st. Finally, Wells Fargo & Company increased their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Sixteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.35.

C.H. Robinson Worldwide Company 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.