Cinctive Capital Management LP Trims Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cinctive Capital Management LP lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,020 shares of the transportation company's stock after selling 27,487 shares during the quarter. Cinctive Capital Management LP's holdings in C.H. Robinson Worldwide were worth $5,478,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Inspire Investing LLC bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth $810,000. Northstar Advisory Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $587,000. JPMorgan Chase & Co. raised its position in shares of C.H. Robinson Worldwide by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock valued at $155,830,000 after purchasing an additional 36,769 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $211,000. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $543,000. Institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Benchmark reissued a "buy" rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Wells Fargo & Company decreased their price objective on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. StockNews.com cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Susquehanna decreased their price target on C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating on the stock in a research report on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a "buy" rating and a $129.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.89.

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C.H. Robinson Worldwide Trading Up 0.2 %

Shares of CHRW traded up $0.20 during trading hours on Tuesday, hitting $89.37. The company had a trading volume of 424,698 shares, compared to its average volume of 1,399,355. The firm has a market cap of $10.57 billion, a P/E ratio of 23.26, a P/E/G ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82. The stock's 50 day moving average price is $99.47 and its 200 day moving average price is $104.26. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the transaction, the insider now owns 34,586 shares in the company, valued at $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company's stock.

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.