Dark Forest Capital Management LP Reduces Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Dark Forest Capital Management LP trimmed its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 49.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,234 shares of the transportation company's stock after selling 3,128 shares during the quarter. Dark Forest Capital Management LP's holdings in C.H. Robinson Worldwide were worth $334,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after acquiring an additional 3,004,338 shares during the period. Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $134,833,000. Raymond James Financial Inc. bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $102,174,000. First Trust Advisors LP boosted its holdings in shares of C.H. Robinson Worldwide by 163.6% in the fourth quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock worth $124,625,000 after buying an additional 748,661 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in C.H. Robinson Worldwide by 25.7% during the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after buying an additional 593,211 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CHRW. StockNews.com cut shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Benchmark reissued a "buy" rating and set a $125.00 price target 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. Truist Financial initiated coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a "buy" rating and a $115.00 target price for the company. Finally, Susquehanna decreased their target price on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $117.20.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $89.75 on Monday. The company has a market capitalization of $10.61 billion, a P/E ratio of 23.31, a P/E/G ratio of 1.16 and a beta of 0.86. The business's 50-day moving average is $96.43 and its 200 day moving average is $102.36. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 12 month low of $70.16 and a 12 month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating analysts' consensus estimates 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, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a $0.62 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.76%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 5,016 shares of the business'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 transaction, the insider now owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

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.

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