Point72 Hong Kong Ltd Decreases Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Point72 Hong Kong Ltd trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 43.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,049 shares of the transportation company's stock after selling 11,767 shares during the quarter. Point72 Hong Kong Ltd's holdings in C.H. Robinson Worldwide were worth $1,661,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board grew its holdings in C.H. Robinson Worldwide by 10.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 5,159 shares of the transportation company's stock worth $569,000 after acquiring an additional 500 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of C.H. Robinson Worldwide by 12.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company's stock worth $155,149,000 after purchasing an additional 153,654 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of C.H. Robinson Worldwide by 154.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 139,931 shares of the transportation company's stock worth $15,444,000 after purchasing an additional 84,943 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $1,021,000. Finally, Glenmede Trust Co. NA lifted its position in shares of C.H. Robinson Worldwide by 11.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,760 shares of the transportation company's stock worth $856,000 after purchasing an additional 774 shares during the period. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded up $1.53 on Monday, reaching $107.11. The stock had a trading volume of 362,553 shares, compared to its average volume of 1,508,991. 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 market cap of $12.66 billion, a P/E ratio of 36.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.84. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The business's 50 day moving average is $107.99 and its two-hundred day moving average is $97.93.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced 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 firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The company's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business 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 $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 85.81%.

Insiders Place Their Bets

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares of the company's stock, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.47% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. BMO Capital Markets upped their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Barclays upped their target price on shares of 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. Finally, TD Cowen upped their target price on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. One research 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $107.63.

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.