XTX Topco Ltd Acquires Shares of 2,678 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Key Points

• XTX Topco Ltd recently acquired 2,678 shares of C.H. Robinson Worldwide, valued at approximately $274,000, according to its Form 13F filing.
• Several institutional investors are increasing their stakes, with Renaissance Technologies boosting its position by 172.7% during the last quarter.
• C.H. Robinson reported earnings of $1.29 per share for the last quarter, surpassing expectations, but revenue decreased by 7.7% year-over-year.

XTX Topco Ltd purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,678 shares of the transportation company's stock, valued at approximately $274,000.

Several other large investors have also modified their holdings of CHRW. Arrowstreet Capital Limited Partnership bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $377,000. Renaissance Technologies LLC raised its holdings in shares of C.H. Robinson Worldwide by 172.7% in the 4th quarter. Renaissance Technologies LLC now owns 152,708 shares of the transportation company's stock valued at $15,778,000 after purchasing an additional 96,700 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of C.H. Robinson Worldwide by 0.5% in the 4th quarter. Treasurer of the State of North Carolina now owns 52,424 shares of the transportation company's stock valued at $5,416,000 after purchasing an additional 260 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 57.3% in the 4th quarter. Sterling Capital Management LLC now owns 6,882 shares of the transportation company's stock valued at $711,000 after purchasing an additional 2,508 shares in the last quarter. Finally, Mariner LLC raised its holdings in shares of C.H. Robinson Worldwide by 5.1% in the 4th quarter. Mariner LLC now owns 32,146 shares of the transportation company's stock valued at $3,321,000 after purchasing an additional 1,568 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

Insiders Place Their Bets

In related news, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the sale, the insider directly 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the sale, the insider directly owned 65,728 shares in the company, valued at $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company's stock.

Analyst Ratings Changes

CHRW has been the subject of several recent research reports. Bank of America boosted their price target on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. boosted their price objective on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Baird R W upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Wolfe Research upgraded shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Tuesday, July 1st. Finally, Raymond James Financial set a $111.00 price objective on shares of C.H. Robinson Worldwide and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $116.33.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded down $0.28 during trading hours on Friday, hitting $121.24. The company's stock had a trading volume of 1,304,639 shares, compared to its average volume of 1,623,634. The company has a 50 day moving average of $101.97 and a 200 day moving average of $98.21. The stock has a market cap of $14.32 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.86. 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 $122.05.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 2.0%. C.H. Robinson Worldwide's dividend payout ratio is 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.