Lido Advisors LLC Purchases 10,657 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Lido Advisors LLC lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 426.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,156 shares of the transportation company’s stock after purchasing an additional 10,657 shares during the quarter. Lido Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $1,264,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. WPG Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at $32,000. FNY Investment Advisers LLC bought a new stake in C.H. Robinson Worldwide in the second quarter valued at about $38,000. Cullen Frost Bankers Inc. raised its position 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 worth $43,000 after purchasing an additional 299 shares in the last quarter. National Pension Service lifted its stake 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 purchasing an additional 183 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in C.H. Robinson Worldwide during the first quarter valued at approximately $51,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $158.05 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a 50 day simple moving average of $142.36 and a 200 day simple moving average of $120.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $162.79. The firm has a market cap of $18.67 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.18 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 EPS. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.52 annualized dividend and a yield of 1.6%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 50.30%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the sale, the insider owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. The trade was a 43.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the sale, the insider owned 34,046 shares of the company’s stock, valued at $5,164,778.20. The trade was a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHRW. Stephens set a $173.00 target price on C.H. Robinson Worldwide in a research report on Thursday, October 30th. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Truist Financial lifted their price target on shares of C.H. Robinson Worldwide from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, TD Cowen boosted 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 research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

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.