Laurion Capital Management LP Buys 52,147 Shares of C.H. Robinson Worldwide Inc (CHRW)

Laurion Capital Management LP increased its stake in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 230.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,475 shares of the transportation company’s stock after purchasing an additional 52,147 shares during the quarter. Laurion Capital Management LP’s holdings in C.H. Robinson Worldwide were worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of C.H. Robinson Worldwide by 102.4% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 7,431 shares of the transportation company’s stock valued at $696,000 after buying an additional 3,759 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in C.H. Robinson Worldwide by 4.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 15,474 shares of the transportation company’s stock worth $1,504,000 after purchasing an additional 700 shares in the last quarter. Mackay Shields LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter valued at approximately $2,199,000. Victory Capital Management Inc. lifted its stake in C.H. Robinson Worldwide by 16.6% during the 1st quarter. Victory Capital Management Inc. now owns 36,539 shares of the transportation company’s stock valued at $3,424,000 after acquiring an additional 5,196 shares during the period. Finally, Prudential Financial Inc. lifted its stake in C.H. Robinson Worldwide by 10.7% during the 1st quarter. Prudential Financial Inc. now owns 218,867 shares of the transportation company’s stock valued at $20,510,000 after acquiring an additional 21,102 shares during the period. Hedge funds and other institutional investors own 86.00% of the company’s stock.

NASDAQ:CHRW opened at $96.44 on Monday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.88. The company has a market cap of $13.36 billion, a PE ratio of 27.71, a PEG ratio of 2.39 and a beta of 0.41. C.H. Robinson Worldwide Inc has a 1-year low of $70.22 and a 1-year high of $100.18.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, July 31st. The transportation company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.07. The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.18 billion. C.H. Robinson Worldwide had a net margin of 3.59% and a return on equity of 38.81%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. analysts expect that C.H. Robinson Worldwide Inc will post 4.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 52.87%.

Several analysts have commented on the stock. KeyCorp lifted their price objective on shares of C.H. Robinson Worldwide from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 2nd. Stephens restated a “hold” rating and set a $98.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, August 1st. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Susquehanna Bancshares upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating in a research note on Friday, July 13th. Finally, BMO Capital Markets lifted their price objective on shares of C.H. Robinson Worldwide from $93.00 to $98.00 and gave the company a “market perform” rating in a research note on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $93.73.

In other news, insider Michael W. Neill sold 452 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $96.10, for a total transaction of $43,437.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jordan T. Kass sold 6,190 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $97.06, for a total transaction of $600,801.40. Following the transaction, the insider now directly owns 25,538 shares of the company’s stock, valued at $2,478,718.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,758 shares of company stock valued at $4,126,546. Insiders own 0.97% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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

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