Qsemble Capital Management LP Lowers Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Qsemble Capital Management LP reduced its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 53.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,266 shares of the transportation company’s stock after selling 6,039 shares during the quarter. Qsemble Capital Management LP’s holdings in C.H. Robinson Worldwide were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of C.H. Robinson Worldwide by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock worth $436,648,000 after purchasing an additional 142,116 shares during the last quarter. ProShare Advisors LLC raised its stake in C.H. Robinson Worldwide by 26.3% in the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock valued at $222,837,000 after buying an additional 526,872 shares during the last quarter. Bank of New York Mellon Corp raised its stake in C.H. Robinson Worldwide by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company’s stock valued at $115,921,000 after buying an additional 34,632 shares during the last quarter. Interval Partners LP purchased a new stake in C.H. Robinson Worldwide in the second quarter valued at about $82,581,000. Finally, Pzena Investment Management LLC raised its stake in C.H. Robinson Worldwide by 0.5% in the second quarter. Pzena Investment Management LLC now owns 877,727 shares of the transportation company’s stock valued at $77,345,000 after buying an additional 4,679 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CHRW. Benchmark increased their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets increased their price objective on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. UBS Group raised 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 report on Friday, October 4th. Robert W. Baird increased their price objective on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $87.00 to $110.00 in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus target price of $107.63.

Insider Activity

In other news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.18% of the company’s stock.

C.H. Robinson Worldwide Stock Down 1.0 %

Shares of CHRW opened at $105.25 on Thursday. 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 12 month low of $65.00 and a 12 month high of $113.10. The stock’s 50 day moving average is $107.87 and its two-hundred day moving average is $97.48. The firm has a market cap of $12.44 billion, a P/E ratio of 36.42, a PEG ratio of 1.23 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data 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 return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period last year, the company earned $0.84 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.36%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

About C.H. Robinson Worldwide

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.