Point72 Asset Management L.P. Lowers Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Point72 Asset Management L.P. lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 99.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,929 shares of the transportation company's stock after selling 781,384 shares during the quarter. Point72 Asset Management L.P.'s holdings in C.H. Robinson Worldwide were worth $654,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CHRW. SG Americas Securities LLC increased its stake in C.H. Robinson Worldwide by 74.2% during the second quarter. SG Americas Securities LLC now owns 32,791 shares of the transportation company's stock worth $2,890,000 after purchasing an additional 13,968 shares during the period. M&G Plc purchased a new position in C.H. Robinson Worldwide in the 2nd quarter valued at approximately $590,000. Wealth Enhancement Advisory Services LLC boosted its position in C.H. Robinson Worldwide by 10.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 22,861 shares of the transportation company's stock valued at $2,015,000 after buying an additional 2,241 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of C.H. Robinson Worldwide by 16.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,498 shares of the transportation company's stock worth $308,000 after acquiring an additional 497 shares during the period. Finally, Rovin Capital UT ADV acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at $329,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on CHRW. Barclays boosted their target price on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 13th. Susquehanna cut their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Citigroup cut shares of C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a report on Friday, November 22nd. UBS Group upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and raised their price objective for the company from $100.00 to $140.00 in a report on Friday, October 4th. Finally, The Goldman Sachs Group boosted their target price on shares of 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. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Hold" and an average price target of $109.13.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW traded up $4.93 on Thursday, reaching $114.06. The stock had a trading volume of 2,392,247 shares, compared to its average volume of 1,505,466. The stock has a market cap of $13.48 billion, a P/E ratio of 39.47, a price-to-earnings-growth ratio of 1.21 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.68. The business's 50-day moving average price is $108.00 and its 200 day moving average price is $99.24. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate 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 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 firm earned $0.84 EPS. C.H. Robinson Worldwide's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.17%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 85.81%.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 70,943 shares of the company's stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.