Atom Investors LP Has $769,000 Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Atom Investors LP decreased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 60.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,972 shares of the transportation company's stock after selling 10,441 shares during the period. Atom Investors LP's holdings in C.H. Robinson Worldwide were worth $769,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. D.A. Davidson & CO. boosted its holdings in C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company's stock valued at $741,000 after purchasing an additional 443 shares during the last quarter. Chesapeake Capital Corp IL acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $835,000. abrdn plc increased its position in C.H. Robinson Worldwide by 2.6% in the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company's stock valued at $55,818,000 after acquiring an additional 12,992 shares during the period. Forsta AP Fonden increased its position in C.H. Robinson Worldwide by 113.2% in the 3rd quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company's stock valued at $9,106,000 after acquiring an additional 43,800 shares during the period. Finally, Victory Capital Management Inc. increased its position in C.H. Robinson Worldwide by 62.3% in the 3rd quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company's stock valued at $3,549,000 after acquiring an additional 12,348 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 1.18% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Up 0.0 %

Shares of CHRW traded up $0.02 during mid-day trading on Wednesday, reaching $107.62. The company's stock had a trading volume of 978,173 shares, compared to its average volume of 1,509,785. The business has a fifty day moving average of $107.96 and a 200 day moving average of $98.26. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth 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. 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 (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. As a group, analysts forecast 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 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 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 2.30%. C.H. Robinson Worldwide's dividend payout ratio is 85.81%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several analyst reports. 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 report on Thursday, October 31st. Barclays increased their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an "underweight" rating in a research note on Wednesday, November 13th. Susquehanna decreased their price target on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Evercore ISI increased their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Finally, UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their price target for the company from $100.00 to $140.00 in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $107.63.

C.H. Robinson Worldwide Company 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.