Versor Investments LP Takes Position in C.H. Robinson Worldwide, Inc. $CHRW

Versor Investments LP bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,900 shares of the transportation company’s stock, valued at approximately $278,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company’s stock valued at $15,248,000 after buying an additional 6,889 shares during the period. TD Private Client Wealth LLC raised its position in C.H. Robinson Worldwide by 802.9% during the first quarter. TD Private Client Wealth LLC now owns 2,456 shares of the transportation company’s stock valued at $251,000 after acquiring an additional 2,184 shares in the last quarter. M&T Bank Corp raised its position in C.H. Robinson Worldwide by 1.7% during the first quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock valued at $892,000 after acquiring an additional 144 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in C.H. Robinson Worldwide by 1.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 75,130 shares of the transportation company’s stock valued at $7,508,000 after acquiring an additional 943 shares during the period. Finally, Xponance Inc. boosted its position in C.H. Robinson Worldwide by 1.6% in the 1st quarter. Xponance Inc. now owns 18,365 shares of the transportation company’s stock worth $1,881,000 after purchasing an additional 294 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $148.23 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $158.70. The firm has a market capitalization of $17.51 billion, a PE ratio of 30.07, a P/E/G ratio of 1.79 and a beta of 0.88. The business’s 50 day moving average price is $132.96 and its 200-day moving average price is $112.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 EPS. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on CHRW shares. Raymond James Financial boosted their target price on shares of C.H. Robinson Worldwide from $158.00 to $161.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Susquehanna set a $165.00 price objective on shares of C.H. Robinson Worldwide and gave the stock a “positive” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. raised their target price on C.H. Robinson Worldwide from $155.00 to $166.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, Bank of America lifted their price target on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 45,266 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the transaction, the insider owned 34,046 shares in the company, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Arun Rajan sold 2,500 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the transaction, the insider directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 53,479 shares of company stock valued at $7,835,281. 1.47% of the stock is currently owned by insiders.

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.