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

Lombard Odier Asset Management USA Corp lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 69.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,554 shares of the transportation company’s stock after purchasing an additional 10,099 shares during the period. 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 quarter.

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

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $170.48 on Tuesday. The firm has a market cap of $20.22 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 1.78 and a beta of 0.90. The company’s 50 day moving average is $181.67 and its 200 day moving average is $157.56. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. C.H. Robinson Worldwide’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 earnings per share. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is presently 52.17%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CHRW shares. Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Wells Fargo & Company lifted their target price on 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. Raymond James Financial reiterated an “outperform” rating and issued a $215.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Robert W. Baird set a $203.00 price target on C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, Benchmark raised their price target 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 analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $181.29.

Insider Activity

In related news, insider Michael John Short sold 6,368 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the sale, the insider directly owned 52,101 shares in the company, valued at $10,487,931.30. This represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 bought at an average cost of $163.34 per share, for a total transaction of $199,764.82. Following the transaction, the chief executive officer owned 190,600 shares of the company’s stock, valued at $31,132,604. This represents a 0.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 2,422 shares of company stock worth $400,801 and sold 21,416 shares worth $4,157,630. Company insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Company 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.