C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 55.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,476 shares of the transportation company's stock after selling 21,627 shares during the period. Verition Fund Management LLC's holdings in C.H. Robinson Worldwide were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. CHICAGO TRUST Co NA purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth about $205,000. SG Americas Securities LLC raised its position in shares of C.H. Robinson Worldwide by 74.2% in the second quarter. SG Americas Securities LLC now owns 32,791 shares of the transportation company's stock valued at $2,890,000 after purchasing an additional 13,968 shares during the period. Twelve Points Wealth Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 80.6% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 12,564 shares of the transportation company's stock valued at $1,107,000 after buying an additional 5,607 shares in the last quarter. Sound Income Strategies LLC bought a new position in C.H. Robinson Worldwide in the 2nd quarter worth approximately $159,000. Finally, Czech National Bank grew its stake in C.H. Robinson Worldwide by 8.7% in the 2nd quarter. Czech National Bank now owns 22,313 shares of the transportation company's stock valued at $1,966,000 after buying an additional 1,791 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW traded down $0.74 on Friday, reaching $105.43. 1,013,109 shares of the stock were exchanged, compared to its average volume of 1,505,281. 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, Inc. has a one year low of $65.00 and a one year high of $113.10. The company's 50-day simple moving average is $107.92 and its two-hundred day simple moving average is $98.38. The firm has a market capitalization of $12.46 billion, a PE ratio of 36.43, a PEG ratio of 1.23 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The company's quarterly revenue was up 7.0% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide's payout ratio is currently 85.81%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on CHRW. Evercore ISI raised their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Citigroup downgraded C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 22nd. Susquehanna cut their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. UBS Group upgraded C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their price objective for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Finally, 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 report on Wednesday, November 13th. One equities 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 MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Hold" and a consensus 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.