Lombard Odier Asset Management USA Corp Raises Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Lombard Odier Asset Management USA Corp grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 69.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 24,554 shares of the transportation company’s stock after acquiring an additional 10,099 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in C.H. Robinson Worldwide were worth $3,251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide in the second quarter worth $30,000. Clearstead Advisors LLC lifted its position in C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. Arlington Trust Co LLC bought a new position in C.H. Robinson Worldwide during the third quarter valued at $34,000. MUFG Securities EMEA plc purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth $34,000. Finally, Quent Capital LLC purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth $37,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Michael D. Castagnetto sold 2,849 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total transaction of $553,275.80. Following the completion of the sale, the insider directly owned 28,149 shares of the company’s stock, valued at approximately $5,466,535.80. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David P. Bozeman acquired 1,223 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of $163.34 per share, with a total value of $199,764.82. Following the acquisition, the chief executive officer owned 190,600 shares in the company, valued at $31,132,604. This trade represents a 0.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 2,422 shares of company stock valued at $400,801 and have sold 21,416 shares valued at $4,157,630. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHRW. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Evercore lifted their price target on C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price objective on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. TD Cowen upped their price objective on C.H. Robinson Worldwide from $165.00 to $194.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. Finally, Benchmark raised their price objective on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.29.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $170.48 on Tuesday. The firm has a 50-day moving average price of $181.67 and a 200-day moving average price of $157.56. The firm has a market capitalization of $20.22 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 1.78 and a beta of 0.90. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the firm posted $1.21 EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is 52.17%.

About C.H. Robinson Worldwide

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.