C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP cut its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 53.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,266 shares of the transportation company's stock after selling 6,039 shares during the period. Qsemble Capital Management LP's holdings in C.H. Robinson Worldwide were worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. increased its holdings in C.H. Robinson Worldwide by 0.9% during the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock valued at $1,230,000 after buying an additional 98 shares during the period. Venturi Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of C.H. Robinson Worldwide by 13.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company's stock valued at $110,000 after acquiring an additional 120 shares during the period. Quent Capital LLC raised its position in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock worth $26,000 after acquiring an additional 146 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of 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 purchasing an additional 185 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded down $1.11 during trading hours on Thursday, hitting $105.25. The company's stock had a trading volume of 1,315,819 shares, compared to its average volume of 1,518,476. The stock has a market cap of $12.44 billion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $113.10. The company has a 50 day moving average of $107.93 and a 200 day moving average of $97.53. 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 posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction 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. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. BMO Capital Markets lifted their target price on 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. Evercore ISI boosted their price objective on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Finally, Barclays upped their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of "Hold" and an average price target of $107.63.

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.