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

Point72 Hong Kong Ltd trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 43.9% in the 3rd quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after purchasing an additional 2,449,367 shares during the period. Interval Partners LP bought a new stake in C.H. Robinson Worldwide during the second quarter valued at about $82,581,000. Point72 Asset Management L.P. purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at about $69,378,000. ProShare Advisors LLC boosted its stake in shares of 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 worth $222,837,000 after acquiring an additional 526,872 shares during the period. Finally, Citigroup Inc. grew its position in shares of C.H. Robinson Worldwide by 137.8% during the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock worth $47,573,000 after purchasing an additional 249,774 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CHRW. Susquehanna lowered their price target on 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. Citigroup downgraded shares of C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a report on Friday, November 22nd. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $140.00 in a research note on Friday, October 4th. TD Cowen boosted their price target 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. Finally, Barclays increased their price objective on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. One research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $107.63.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction on Monday, November 11th. The stock was 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 owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $105.58 on Monday. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a 50 day moving average price of $107.99 and a 200-day moving average price of $97.83. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data 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 company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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