9,722 Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,722 shares of the transportation company's stock, valued at approximately $1,073,000.

A number of other hedge funds have also bought and sold shares of CHRW. SG Americas Securities LLC raised its stake in shares of C.H. Robinson Worldwide by 74.2% in the second quarter. SG Americas Securities LLC now owns 32,791 shares of the transportation company's stock valued at $2,890,000 after buying an additional 13,968 shares during the period. Czech National Bank grew its position in shares of C.H. Robinson Worldwide by 8.7% in the second quarter. Czech National Bank now owns 22,313 shares of the transportation company's stock valued at $1,966,000 after purchasing an additional 1,791 shares in the last quarter. M&G Plc purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $590,000. Wealth Enhancement Advisory Services LLC grew its position in shares of C.H. Robinson Worldwide by 10.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 22,861 shares of the transportation company's stock valued at $2,015,000 after purchasing an additional 2,241 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of C.H. Robinson Worldwide by 11.3% in the second quarter. V Square Quantitative Management LLC now owns 4,038 shares of the transportation company's stock valued at $356,000 after purchasing an additional 409 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares in the company, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Trading Up 1.0 %

CHRW traded up $1.07 during midday trading on Tuesday, reaching $109.21. 1,211,237 shares of the company's stock traded hands, compared to its average volume of 1,502,870. The firm has a fifty day moving average of $107.82 and a two-hundred day moving average of $98.90. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 37.42, a P/E/G ratio of 1.21 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. C.H. Robinson Worldwide's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 EPS. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide's payout ratio is 85.81%.

Wall Street Analyst Weigh In

CHRW has been the subject of several recent research reports. UBS Group upgraded C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and lifted their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Barclays lifted their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an "underweight" rating in a research report on Wednesday, November 13th. Susquehanna reduced their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. BMO Capital Markets boosted their target price on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. Finally, Citigroup cut C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $109.13.

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.