Inceptionr LLC Has $423,000 Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Inceptionr LLC lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 72.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,195 shares of the transportation company’s stock after selling 8,359 shares during the quarter. Inceptionr LLC’s holdings in C.H. Robinson Worldwide were worth $423,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide in the second quarter valued at $30,000. Clearstead Advisors LLC lifted its holdings in shares of 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 acquiring an additional 128 shares during the period. Arlington Trust Co LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $34,000. MUFG Securities EMEA plc acquired a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $34,000. Finally, Quent Capital LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity

In other news, CEO David P. Bozeman bought 1,223 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $163.34 per share, for a total transaction of $199,764.82. Following the completion of the transaction, the chief executive officer directly owned 190,600 shares in the company, valued at $31,132,604. The trade was a 0.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael D. Castagnetto sold 2,849 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $194.20, for a total value of $553,275.80. Following the transaction, the insider directly owned 28,149 shares in the company, valued at $5,466,535.80. This trade represents a 9.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have acquired 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Down 0.0%

Shares of NASDAQ:CHRW opened at $175.78 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The firm has a market cap of $20.85 billion, a P/E ratio of 36.39, a P/E/G ratio of 1.85 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $203.34. The company’s 50-day moving average price is $181.27 and its two-hundred day moving average price is $156.45.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The company’s revenue was down 6.5% on a year-over-year basis. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is 52.17%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Citigroup lifted their price target on shares of C.H. Robinson Worldwide from $177.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, January 30th. JPMorgan Chase & Co. upped their price objective on shares of 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. Wolfe Research reaffirmed an “outperform” rating and set a $188.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. Sanford C. Bernstein boosted their target price on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Finally, Loop Capital set a $206.00 price target on C.H. Robinson Worldwide in a research report on Monday, February 2nd. Fifteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.29.

C.H. Robinson Worldwide Profile

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.