C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 20.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,117 shares of the transportation company’s stock after acquiring an additional 51,343 shares during the quarter. Hsbc Holdings PLC owned 0.25% of C.H. Robinson Worldwide worth $28,768,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CHRW. LPL Financial LLC increased its stake in C.H. Robinson Worldwide by 9.7% during the 1st quarter. LPL Financial LLC now owns 61,072 shares of the transportation company’s stock worth $6,254,000 after buying an additional 5,424 shares during the period. Federated Hermes Inc. boosted its position in C.H. Robinson Worldwide by 10.6% in the 1st quarter. Federated Hermes Inc. now owns 42,740 shares of the transportation company’s stock valued at $4,377,000 after buying an additional 4,082 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at about $553,000. XTX Topco Ltd purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth about $274,000. Finally, PNC Financial Services Group Inc. increased its position in shares of C.H. Robinson Worldwide by 4.1% during the first quarter. PNC Financial Services Group Inc. now owns 15,155 shares of the transportation company’s stock worth $1,552,000 after acquiring an additional 598 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on C.H. Robinson Worldwide from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $135.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $115.00 to $138.00 and gave the company a “hold” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of C.H. Robinson Worldwide from $155.00 to $166.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $143.00.

C.H. Robinson Worldwide Stock Up 0.9%

CHRW stock opened at $160.32 on Tuesday. The firm has a market cap of $18.94 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 1.79 and a beta of 0.88. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $162.79. The firm has a fifty day moving average price of $140.84 and a two-hundred day moving average price of $119.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS 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 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 company’s quarterly revenue was down 10.9% on a year-over-year basis. Research 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. Shareholders of record on Friday, December 5th will be paid a $0.63 dividend. The ex-dividend date is Friday, December 5th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a yield of 1.6%. C.H. Robinson Worldwide’s payout ratio is presently 51.12%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 49,884 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the sale, the insider directly owned 65,728 shares in the company, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $151.70, for a total value of $6,866,852.20. Following the completion of 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 disclosure for this sale is available in the SEC filing. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide 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.