Centiva Capital LP Buys New Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Centiva Capital LP acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,110 shares of the transportation company's stock, valued at approximately $1,778,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of C.H. Robinson Worldwide by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company's stock valued at $436,648,000 after buying an additional 142,116 shares in the last quarter. FMR LLC boosted its position in C.H. Robinson Worldwide by 2,259.1% during the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock worth $282,303,000 after purchasing an additional 2,449,367 shares during the period. ProShare Advisors LLC raised its stake in C.H. Robinson Worldwide by 26.3% in the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock valued at $222,837,000 after purchasing an additional 526,872 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of C.H. Robinson Worldwide by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company's stock worth $155,149,000 after purchasing an additional 153,654 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in C.H. Robinson Worldwide by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company's stock valued at $115,921,000 after buying an additional 34,632 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on CHRW. The Goldman Sachs Group raised their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Evercore ISI increased their target price on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. TD Cowen raised their price objective 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. Citigroup downgraded C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a report on Friday, November 22nd. Finally, Susquehanna decreased their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Hold" and a consensus target price of $107.63.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $0.02 during mid-day trading on Wednesday, hitting $107.62. The company's stock had a trading volume of 978,173 shares, compared to its average volume of 1,509,785. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm has a 50-day simple moving average of $107.96 and a 200 day simple moving average of $98.26. The firm has a market capitalization of $12.72 billion, a P/E ratio of 36.88, a P/E/G ratio of 1.21 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating 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 the consensus estimate of $4.53 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. C.H. Robinson Worldwide's revenue for the quarter was up 7.0% on a year-over-year basis. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.30%. C.H. Robinson Worldwide's payout ratio is presently 85.81%.

About C.H. Robinson Worldwide

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.