C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 182,334 shares of the transportation company's stock after selling 18,537 shares during the period. Trexquant Investment LP owned 0.15% of C.H. Robinson Worldwide worth $18,839,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. National Pension Service acquired a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $25,000. Proficio Capital Partners LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $33,000. Missouri Trust & Investment Co purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $41,000. Mainstream Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $41,000. Finally, Quarry LP boosted its stake in C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company's stock worth $43,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 27th. The stock was 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 $7,732,740.53. This trade 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.

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Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target for the company in a report on Friday, January 31st. TD Cowen raised their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. Raymond James dropped their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Barclays increased their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a report on Friday, January 17th. Finally, Truist Financial initiated coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a "buy" rating and a $115.00 target price for the company. 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $118.89.

C.H. Robinson Worldwide Price Performance

CHRW stock traded down $3.83 during trading on Friday, hitting $90.94. The stock had a trading volume of 1,524,679 shares, compared to its average volume of 1,400,208. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The company's 50-day moving average price is $99.87 and its two-hundred day moving average price is $104.35. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The stock has a market capitalization of $10.75 billion, a P/E ratio of 23.62, a PEG ratio of 1.16 and a beta of 0.86.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio is currently 64.42%.

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.