CTC Alternative Strategies Ltd. Purchases Shares of 7,060 C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• CTC Alternative Strategies Ltd. acquired 7,060 shares of C.H. Robinson Worldwide, Inc. for approximately $723,000, making it the fund's 27th largest position.
• Insider Arun Rajan sold 2,500 shares at an average price of $121.74, resulting in a total value of $304,350, which reflects a decrease in insider ownership.
• C.H. Robinson recently announced a quarterly dividend of $0.62 per share, representing a 2.0% dividend yield and a payout ratio of 56.49%.

CTC Alternative Strategies Ltd. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 7,060 shares of the transportation company's stock, valued at approximately $723,000. C.H. Robinson Worldwide comprises about 0.9% of CTC Alternative Strategies Ltd.'s holdings, making the stock its 27th largest position.

Other large investors have also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. boosted its position in C.H. Robinson Worldwide by 2.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company's stock valued at $407,000 after buying an additional 105 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in C.H. Robinson Worldwide by 0.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock valued at $1,483,000 after purchasing an additional 112 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in C.H. Robinson Worldwide by 5.5% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after buying an additional 114 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in C.H. Robinson Worldwide by 31.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after purchasing an additional 116 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT lifted its stake in shares of C.H. Robinson Worldwide by 1.9% in the first quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company's stock worth $663,000 after buying an additional 121 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Arun Rajan sold 2,500 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider directly owned 130,591 shares of the company's stock, valued at approximately $15,898,148.34. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider directly owned 65,728 shares in the company, valued at $7,640,222.72. The trade was a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,577 shares of company stock worth $1,714,544. Corporate insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $126.13 on Monday. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $131.17. The business has a 50-day moving average of $111.62 and a 200-day moving average of $101.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $14.89 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 1.98 and a beta of 0.87.

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

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed 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. This represents a $2.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. UBS Group reiterated a "buy" rating and issued a $133.00 price objective (up from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Wells Fargo & Company upped their price target on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Stifel Nicolaus increased their price objective on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Barclays reaffirmed an "underweight" rating and set a $95.00 price objective (up from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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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