Cinctive Capital Management LP Takes $8.89 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cinctive Capital Management LP bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 80,507 shares of the transportation company’s stock, valued at approximately $8,886,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHRW. B. Riley Wealth Advisors Inc. raised its stake in shares of C.H. Robinson Worldwide by 10.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,907 shares of the transportation company’s stock valued at $374,000 after acquiring an additional 484 shares during the period. Swedbank AB purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth about $1,051,000. Cetera Investment Advisers lifted its stake in C.H. Robinson Worldwide by 9.6% in the first quarter. Cetera Investment Advisers now owns 99,197 shares of the transportation company’s stock worth $7,553,000 after purchasing an additional 8,656 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 3,672.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,641 shares of the transportation company’s stock valued at $188,000 after buying an additional 2,571 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of C.H. Robinson Worldwide by 96.5% during the second quarter. GAMMA Investing LLC now owns 3,722 shares of the transportation company’s stock valued at $328,000 after buying an additional 1,828 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity

In other news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $105.58 on Monday. The company has a 50 day moving average of $107.99 and a two-hundred day moving average of $97.83. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the firm earned $0.84 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.35%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 85.81%.

Analysts Set New Price Targets

CHRW has been the subject of a number of recent analyst reports. Citigroup cut C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a report on Friday, November 22nd. The Goldman Sachs Group boosted their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Susquehanna reduced their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the company from $100.00 to $140.00 in a report on Friday, October 4th. Finally, TD Cowen raised their price objective on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $107.63.

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.