Point72 Hong Kong Ltd Sells 11,767 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Point72 Hong Kong Ltd lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 43.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,049 shares of the transportation company’s stock after selling 11,767 shares during the quarter. Point72 Hong Kong Ltd’s holdings in C.H. Robinson Worldwide were worth $1,661,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its holdings in C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after buying an additional 185 shares in the last quarter. Quent Capital LLC lifted its holdings in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after buying an additional 146 shares during the period. Eastern Bank bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at approximately $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CHRW shares. TD Cowen raised their target price on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Evercore ISI raised their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Barclays upped their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. BMO Capital Markets lifted their price target on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Susquehanna cut their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $107.63.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Price Performance

CHRW opened at $105.58 on Monday. The company’s 50-day simple moving average is $107.99 and its two-hundred day simple moving average is $97.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $12.48 billion, a P/E ratio of 36.53, a P/E/G ratio of 1.21 and a beta of 0.84. 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) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 earnings per share. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

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.