MQS Management LLC Buys 576 Shares of C.H. Robinson Worldwide, Inc. $CHRW

MQS Management LLC boosted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 13.3% during the second quarter, Holdings Channel.com reports. The fund owned 4,906 shares of the transportation company’s stock after acquiring an additional 576 shares during the period. MQS Management LLC’s holdings in C.H. Robinson Worldwide were worth $471,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Tokio Marine Asset Management Co. Ltd. increased its stake in C.H. Robinson Worldwide by 2.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company’s stock worth $407,000 after acquiring an additional 105 shares during the period. Perpetual Ltd increased its stake in C.H. Robinson Worldwide by 2.3% during the 2nd quarter. Perpetual Ltd now owns 5,033 shares of the transportation company’s stock worth $483,000 after acquiring an additional 112 shares during the period. Deseret Mutual Benefit Administrators increased its stake in C.H. Robinson Worldwide by 5.5% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company’s stock worth $223,000 after acquiring an additional 114 shares during the period. Alliance Wealth Advisors LLC UT increased its stake in C.H. Robinson Worldwide by 1.9% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company’s stock worth $663,000 after acquiring an additional 121 shares during the period. Finally, Mutual Advisors LLC increased its stake in C.H. Robinson Worldwide by 1.4% during the 2nd quarter. Mutual Advisors LLC now owns 9,154 shares of the transportation company’s stock worth $940,000 after acquiring an additional 123 shares during the period. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Bank of America raised their price objective on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Baird R W upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. 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 research note on Tuesday, July 1st. Truist Financial set a $150.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, October 14th. Finally, Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and lifted their price target for the company from $134.00 to $148.00 in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.05.

Insider Buying and Selling

In related news, insider Arun Rajan sold 2,500 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the sale, the insider owned 130,591 shares in the company, valued at $15,898,148.34. The trade was a 1.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider owned 65,728 shares in the company, valued at $7,640,222.72. This represents a 8.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,577 shares of company stock worth $1,714,544 in the last 90 days. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.5%

Shares of CHRW stock opened at $126.06 on Friday. The firm has a market capitalization of $14.89 billion, a P/E ratio of 28.72, a P/E/G ratio of 1.74 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $138.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $129.45 and its 200 day simple moving average is $108.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.12. The business had revenue of $4.14 billion for 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%.C.H. Robinson Worldwide’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a dividend of $0.62 per share. The ex-dividend date was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 2.0%. 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.