Jump Financial LLC Purchases 22,270 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Jump Financial LLC lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 51.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,752 shares of the transportation company's stock after purchasing an additional 22,270 shares during the period. Jump Financial LLC owned 0.06% of C.H. Robinson Worldwide worth $5,680,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of C.H. Robinson Worldwide by 4.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 24,219 shares of the transportation company's stock valued at $2,086,000 after buying an additional 935 shares during the period. Brown Advisory Inc. boosted its position in C.H. Robinson Worldwide by 7.1% during the third quarter. Brown Advisory Inc. now owns 26,507 shares of the transportation company's stock worth $2,283,000 after purchasing an additional 1,754 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in C.H. Robinson Worldwide by 6.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,933 shares of the transportation company's stock worth $3,526,000 after purchasing an additional 2,462 shares during the period. Park Avenue Securities LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $345,000. Finally, TD Asset Management Inc raised its position in shares of C.H. Robinson Worldwide by 14.3% in the third quarter. TD Asset Management Inc now owns 94,647 shares of the transportation company's stock valued at $8,152,000 after purchasing an additional 11,842 shares during the period. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

CHRW traded up $1.46 during trading on Friday, reaching $82.72. The stock had a trading volume of 1,289,764 shares, compared to its average volume of 1,901,738. The business has a 50-day moving average of $73.51 and a 200-day moving average of $78.95. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $102.24. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.40 and a current ratio of 1.37. The stock has a market cap of $9.69 billion, a PE ratio of 32.70, a PEG ratio of 3.85 and a beta of 0.75.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.26. The firm had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.58 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be issued a $0.61 dividend. The ex-dividend date is Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.95%. C.H. Robinson Worldwide's payout ratio is 96.44%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CHRW shares. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an "underperform" rating to a "peer perform" rating in a research note on Thursday, April 11th. TD Cowen boosted their price objective on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a "hold" rating in a research note on Thursday, May 2nd. Barclays raised their target price on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an "underweight" rating in a research note on Thursday, May 2nd. Bank of America decreased their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an "underperform" rating on the stock in a research report on Monday, April 15th. Finally, Wells Fargo & Company cut their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an "underweight" rating for the company in a research report on Thursday, February 1st. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $82.60.

C.H. Robinson Worldwide Company 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.