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Y Intercept Hong Kong Ltd Raises Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

C.H. Robinson Worldwide logo with Transportation background

Y Intercept Hong Kong Ltd raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 481.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,872 shares of the transportation company's stock after buying an additional 9,829 shares during the period. Y Intercept Hong Kong Ltd's holdings in C.H. Robinson Worldwide were worth $1,216,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV increased its stake in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock valued at $1,483,000 after buying an additional 112 shares during the last quarter. Deseret Mutual Benefit Administrators increased 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 during the last quarter. MassMutual Private Wealth & Trust FSB increased 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 worth $49,000 after buying an additional 116 shares during the last quarter. First Citizens Bank & Trust Co. increased its holdings in C.H. Robinson Worldwide by 0.9% during the first quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company's stock worth $1,579,000 after buying an additional 131 shares during the last quarter. Finally, Pflug Koory LLC increased its holdings in C.H. Robinson Worldwide by 3.3% during the first quarter. Pflug Koory LLC now owns 4,379 shares of the transportation company's stock worth $448,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CHRW shares. 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 report on Tuesday, July 1st. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Evercore ISI decreased their price objective on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. TD Securities increased their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Bank of America increased their target price on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $114.29.

View Our Latest Stock Analysis on C.H. Robinson Worldwide

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the transaction, the insider directly owned 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock traded down $0.46 during mid-day trading on Friday, hitting $102.71. 1,416,860 shares of the company traded hands, compared to its average volume of 997,261. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $114.82. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a fifty day moving average price of $96.76 and a 200-day moving average price of $97.26.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the business posted $0.86 earnings per share. C.H. Robinson Worldwide's revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.41%. C.H. Robinson Worldwide's payout ratio is presently 59.33%.

About C.H. Robinson Worldwide

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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