C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by Holocene Advisors LP

Holocene Advisors LP increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 391,345 shares of the transportation company's stock after purchasing an additional 25,897 shares during the period. Holocene Advisors LP owned 0.33% of C.H. Robinson Worldwide worth $43,193,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake 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 position in C.H. Robinson Worldwide by 168.2% during the 2nd 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 during the last quarter. Quent Capital LLC raised its position in C.H. Robinson Worldwide by 94.8% during the 2nd 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 last quarter. Eastern Bank purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in C.H. Robinson Worldwide during the 3rd quarter worth approximately $55,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 1.4 %

CHRW traded up $1.48 on Tuesday, hitting $107.66. The company had a trading volume of 734,400 shares, compared to its average volume of 1,509,216. The firm has a market cap of $12.73 billion, a P/E ratio of 37.13, a PEG 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's fifty day moving average price is $107.98 and its 200 day moving average price is $98.10. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be paid a dividend of $0.62 per share. 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 85.81%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CHRW. Evercore ISI lifted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. UBS Group raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and lifted their target price for the company from $100.00 to $140.00 in a report on Friday, October 4th. Susquehanna cut their target price on shares of 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. 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 note on Thursday, October 31st. Finally, Citigroup cut shares of C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 22nd. One 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $107.63.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the transaction, the insider now directly owns 70,943 shares of the company's stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.18% of the company's stock.

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.