Inceptionr LLC Raises Stake in C.H. Robinson Worldwide, Inc. $CHRW

Inceptionr LLC increased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 87.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,554 shares of the transportation company’s stock after buying an additional 5,393 shares during the period. Inceptionr LLC’s holdings in C.H. Robinson Worldwide were worth $1,109,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at $32,000. FNY Investment Advisers LLC purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at $38,000. Cullen Frost Bankers Inc. increased its stake in C.H. Robinson Worldwide by 203.4% in the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 299 shares during the last quarter. National Pension Service lifted its position in C.H. Robinson Worldwide by 74.4% during the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after buying an additional 183 shares during the period. Finally, Ransom Advisory Ltd purchased a new position in C.H. Robinson Worldwide during the first quarter worth about $51,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Benchmark restated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Stifel Nicolaus increased their price target on shares of C.H. Robinson Worldwide from $111.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. boosted their price objective on shares of C.H. Robinson Worldwide from $155.00 to $166.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company upped their price objective on C.H. Robinson Worldwide from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target of $143.00.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 45,266 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 34,046 shares in the company, valued at approximately $5,164,778.20. This trade represents a 57.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 49,884 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the transaction, the insider owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their position. The SEC filing for this sale provides additional information. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $159.54 on Thursday. The firm has a fifty day moving average of $139.41 and a 200-day moving average of $118.52. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $160.27. 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 firm has a market capitalization of $18.85 billion, a P/E ratio of 32.36, a PEG ratio of 1.79 and a beta of 0.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter 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 predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be given a $0.63 dividend. The ex-dividend date of this dividend is 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 dividend yield of 1.6%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.12%.

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.