Y Intercept Hong Kong Ltd Purchases New Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Y Intercept Hong Kong Ltd acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,043 shares of the transportation company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CHRW. Venturi Wealth Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after acquiring an additional 111 shares during the last quarter. Missouri Trust & Investment Co bought a new stake in C.H. Robinson Worldwide in the fourth quarter worth about $41,000. Quarry LP lifted its stake in C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after buying an additional 316 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $52,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 0.4 %

CHRW opened at $97.91 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The stock has a fifty day moving average price of $101.95 and a 200-day moving average price of $104.73.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. As a group, equities research analysts anticipate 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 will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.53%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock worth $1,513,656 over the last three months. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CHRW shares. Bank of America decreased their price target on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Friday, January 31st. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Raymond James decreased their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $118.00 to $130.00 in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.17.

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.