SG Americas Securities LLC Boosts Position in C.H. Robinson Worldwide, Inc. $CHRW

SG Americas Securities LLC lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1,594.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,964 shares of the transportation company’s stock after buying an additional 23,491 shares during the quarter. SG Americas Securities LLC’s holdings in C.H. Robinson Worldwide were worth $3,305,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CHRW. Norges Bank purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth approximately $118,976,000. Boston Partners increased its holdings in shares of C.H. Robinson Worldwide by 53.0% in the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock worth $340,646,000 after purchasing an additional 1,218,968 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of C.H. Robinson Worldwide by 78.3% in the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock worth $193,219,000 after purchasing an additional 884,160 shares during the period. Qube Research & Technologies Ltd raised its position in shares of C.H. Robinson Worldwide by 119.6% in the second quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock worth $76,169,000 after buying an additional 432,406 shares in the last quarter. Finally, State Street Corp boosted its stake in C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after buying an additional 397,177 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Michael John Short sold 2,390 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $161.91, for a total value of $386,964.90. Following the transaction, the insider owned 55,158 shares in the company, valued at approximately $8,930,631.78. The trade was a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the sale, the insider owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 97,540 shares of company stock valued at $14,721,951. 0.91% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Stock Up 1.0%

Shares of NASDAQ CHRW opened at $172.54 on Tuesday. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $172.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.59 and a quick ratio of 1.59. The firm’s 50 day simple moving average is $158.80 and its two-hundred day simple moving average is $134.10. The stock has a market capitalization of $20.38 billion, a P/E ratio of 35.00, a PEG ratio of 1.85 and a beta of 0.91.

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, topping analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the business posted $1.28 EPS. The business’s quarterly revenue was down 10.9% on a year-over-year basis. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were given a dividend of $0.63 per share. The ex-dividend date was Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.12%.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on C.H. Robinson Worldwide from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Robert W. Baird set a $175.00 price objective on C.H. Robinson Worldwide in a report on Wednesday, January 7th. JPMorgan Chase & Co. raised their target price on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the company an “overweight” rating in a research note on Monday. Stephens set a $173.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Finally, Barclays raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $145.00 to $200.00 in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $161.78.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.