XTX Topco Ltd Invests $274,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

XTX Topco Ltd acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,678 shares of the transportation company’s stock, valued at approximately $274,000.

A number of other hedge funds have also modified their holdings of the stock. Arrowstreet Capital Limited Partnership acquired a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $377,000. Renaissance Technologies LLC grew its holdings in C.H. Robinson Worldwide by 172.7% during the fourth quarter. Renaissance Technologies LLC now owns 152,708 shares of the transportation company’s stock valued at $15,778,000 after purchasing an additional 96,700 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in C.H. Robinson Worldwide by 0.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 52,424 shares of the transportation company’s stock valued at $5,416,000 after purchasing an additional 260 shares during the last quarter. Sterling Capital Management LLC grew its holdings in C.H. Robinson Worldwide by 57.3% during the fourth quarter. Sterling Capital Management LLC now owns 6,882 shares of the transportation company’s stock valued at $711,000 after purchasing an additional 2,508 shares during the last quarter. Finally, Mariner LLC grew its holdings in C.H. Robinson Worldwide by 5.1% during the fourth quarter. Mariner LLC now owns 32,146 shares of the transportation company’s stock valued at $3,321,000 after purchasing an additional 1,568 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHRW has been the topic of several analyst reports. Wolfe Research upgraded C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a report on Tuesday, July 1st. Evercore ISI lowered their price target on C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Susquehanna reiterated a “positive” rating and set a $120.00 price target (up previously from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Raymond James Financial set a $111.00 price objective on shares of C.H. Robinson Worldwide and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $116.33.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the business’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider directly owned 71,441 shares of the company’s stock, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael John Short sold 6,364 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the sale, the insider directly owned 60,401 shares of the company’s stock, valued at $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.5%

Shares of NASDAQ:CHRW opened at $116.24 on Tuesday. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $119.20. 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 company’s fifty day moving average is $99.99 and its 200-day moving average is $97.74. The company has a market capitalization of $13.73 billion, a PE ratio of 26.48, a P/E/G ratio of 1.84 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the business posted $1.15 earnings per share. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities research 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide’s payout ratio is currently 56.49%.

About C.H. Robinson Worldwide

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.