WT Asset Management Ltd Invests $27.76 Million in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• WT Asset Management purchased a new stake of 172,707 shares in C.H. Robinson (NASDAQ:CHRW) in Q4, valued at approximately $27.76 million, making the stock about 1.1% of its portfolio and its 27th largest holding.
• Company insiders were net sellers in the last three months—selling 17,796 shares worth about $3.56 million (including sales by Angela K. Freeman and Michael J. Short) versus purchases of 2,422 shares worth $400,801; insiders now own 0.37% of the stock.
• Analysts hold a consensus "Moderate Buy" with an average price target of $186.22; the company recently reported an EPS beat ($1.23 vs. $1.12) but revenue fell 6.5% year‑over‑year, and the stock trades near $183 with a market cap around $21.6 billion.

WT Asset Management Ltd purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 172,707 shares of the transportation company's stock, valued at approximately $27,764,000. C.H. Robinson Worldwide comprises approximately 1.1% of WT Asset Management Ltd's investment portfolio, making the stock its 27th largest holding. WT Asset Management Ltd owned 0.15% of C.H. Robinson Worldwide at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vermillion & White Wealth Management Group LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide during the 2nd quarter valued at $30,000. Clearstead Advisors LLC raised its holdings in C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company's stock worth $32,000 after purchasing an additional 128 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth about $34,000. Finally, Arlington Trust Co LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,579 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 9th. The stock was sold at an average price of $200.52, for a total value of $1,720,261.08. Following the completion of the sale, the insider owned 55,611 shares of the company's stock, valued at approximately $11,151,117.72. This trade represents a 13.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael John Short sold 6,368 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the sale, the insider directly owned 52,101 shares in the company, valued at $10,487,931.30. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders purchased 2,422 shares of company stock worth $400,801 and sold 17,796 shares worth $3,555,415. Insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Bank of America reduced their price target on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a "buy" rating on the stock in a research report on Friday, March 27th. Truist Financial lifted their price target on C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Wells Fargo & Company raised their price objective on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, January 29th. Susquehanna decreased their price target on shares of C.H. Robinson Worldwide from $220.00 to $215.00 and set a "positive" rating for the company in a research note on Wednesday. Finally, Sanford C. Bernstein boosted their price objective on shares of C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a "market perform" rating in a research note on Friday, January 9th. Fifteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $186.22.

C.H. Robinson Worldwide Trading Down 0.4%

NASDAQ CHRW opened at $183.03 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $86.58 and a 12 month high of $203.34. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. The stock's fifty day moving average price is $175.42 and its 200-day moving average price is $165.23. The stock has a market cap of $21.57 billion, a P/E ratio of 37.89, a P/E/G ratio of 1.91 and a beta of 0.93.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The company had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.97 billion. During the same quarter in the previous year, the business posted $1.21 EPS. C.H. Robinson Worldwide's revenue was down 6.5% compared to the same quarter last year. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 5.98 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, March 6th. C.H. Robinson Worldwide's payout ratio is presently 52.17%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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