Alyeska Investment Group L.P. Invests $20.41 Million in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Alyeska Investment Group L.P. has made a new investment of $20.41 million in C.H. Robinson Worldwide by acquiring 199,273 shares in the first quarter, representing about 0.17% of the company's stock.
• C.H. Robinson Worldwide reported earnings of $1.29 per share for the last quarter, exceeding analysts' estimates, although revenue decreased by 7.7% year-over-year.
• The company has announced a quarterly dividend of $0.62 per share, with a dividend yield of approximately 1.9%, set to be paid on October 2nd.

Alyeska Investment Group L.P. purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 199,273 shares of the transportation company's stock, valued at approximately $20,406,000. Alyeska Investment Group L.P. owned about 0.17% of C.H. Robinson Worldwide at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. North Capital Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $25,000. NBC Securities Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $27,000. First Financial Corp IN acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $31,000. WPG Advisers LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $32,000. Finally, AdvisorNet Financial Inc boosted its position in shares of C.H. Robinson Worldwide by 252.1% during the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 15th. The shares were 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 of the company's stock, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, August 6th. The stock was 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 trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,577 shares of company stock valued at $1,714,544. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $127.84 on Friday. The stock has a market cap of $15.10 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 2.02 and a beta of 0.87. The company has a fifty day simple moving average of $111.03 and a 200-day simple moving average of $100.83. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $131.17. 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 (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 EPS. Equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's payout ratio is 56.49%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CHRW shares. Raymond James Financial set a $111.00 target price on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. Wells Fargo & Company lifted their target price on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Stifel Nicolaus lifted their target price on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a report 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 target price for the company in a report on Tuesday, July 1st. Finally, UBS Group reiterated a "buy" rating and issued a $133.00 target price (up previously from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.24.

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.

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