AlphaQuest LLC Increases Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

AlphaQuest LLC lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 152.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,116 shares of the transportation company’s stock after buying an additional 4,298 shares during the quarter. AlphaQuest LLC’s holdings in C.H. Robinson Worldwide were worth $683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. North Capital Inc. bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $25,000. WPG Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $32,000. FNY Investment Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter worth approximately $38,000. Cullen Frost Bankers Inc. increased its position in shares of C.H. Robinson Worldwide by 203.4% in the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock worth $43,000 after purchasing an additional 299 shares during the last quarter. Finally, National Pension Service increased its position in shares of C.H. Robinson Worldwide by 74.4% in the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after purchasing an additional 183 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael John Short sold 6,364 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the sale, the insider owned 60,401 shares of the company’s stock, valued at $7,081,413.24. This trade represents a 9.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Arun Rajan sold 2,500 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was 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. The trade was a 1.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock valued at $1,714,544 over the last quarter. 0.91% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citigroup cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and increased their price target for the company from $134.00 to $148.00 in a research report on Wednesday, October 8th. Stifel Nicolaus increased their price target on shares of C.H. Robinson Worldwide from $111.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Barclays upgraded shares of C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $95.00 to $130.00 in a research report on Wednesday, October 1st. Susquehanna set a $165.00 price target on shares of C.H. Robinson Worldwide and gave the company a “positive” rating in a research report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.05.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $129.06 on Tuesday. The firm has a market cap of $15.24 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $138.00. 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 business has a 50 day moving average price of $129.58 and a 200-day moving average price of $109.24.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 earnings per share. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 56.49%.

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.