Jump Financial LLC Has $453,000 Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Jump Financial LLC increased its holdings in C.H. Robinson Worldwide by 86.7% during the first quarter, owning 4,420 shares valued at $453,000.
• C.H. Robinson Worldwide reported quarterly earnings of $1.29 per share, exceeding analyst estimates, though its revenue of $4.14 billion fell slightly below expectations.
• The firm announced a quarterly dividend of $0.62, representing a yield of 1.9%, with a payout ratio of 56.49%.

Jump Financial LLC boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 86.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,420 shares of the transportation company's stock after acquiring an additional 2,052 shares during the period. Jump Financial LLC's holdings in C.H. Robinson Worldwide were worth $453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. lifted its position in C.H. Robinson Worldwide by 2.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company's stock worth $407,000 after acquiring an additional 105 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in C.H. Robinson Worldwide by 0.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock worth $1,483,000 after acquiring an additional 112 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in C.H. Robinson Worldwide by 5.5% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after acquiring an additional 114 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in C.H. Robinson Worldwide by 31.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after acquiring an additional 116 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT lifted its position in C.H. Robinson Worldwide by 1.9% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company's stock worth $663,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock traded down $0.10 on Wednesday, reaching $128.79. The company's stock had a trading volume of 987,721 shares, compared to its average volume of 1,421,627. The business's fifty day moving average price is $110.34 and its 200 day moving average price is $100.64. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $15.21 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.02 and a beta of 0.87. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $131.17.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results 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. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the prior year, the company earned $1.15 EPS. The firm's quarterly revenue was down 7.7% on a year-over-year basis. Equities analysts expect 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 business 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 $0.62 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the company's 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 transaction, the insider owned 65,728 shares of the company's stock, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $304,350.00. Following the completion of the sale, the insider directly owned 130,591 shares of the company's stock, valued at $15,898,148.34. This trade represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock worth $1,714,544 in the last quarter. Insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Bank of America boosted their target price on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Baird R W upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Barclays restated an "underweight" rating and set a $95.00 price objective (up previously from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. 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 report on Tuesday, July 8th. 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 report on Tuesday, July 15th. One investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and a consensus target price of $117.24.

About C.H. Robinson Worldwide

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.