Versor Investments LP Sells 2,224 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Versor Investments LP lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,908 shares of the transportation company’s stock after selling 2,224 shares during the period. Versor Investments LP’s holdings in C.H. Robinson Worldwide were worth $610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC lifted 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 worth $27,000 after buying an additional 111 shares in the last quarter. National Pension Service acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $25,000. Quarry LP lifted its position in shares of C.H. Robinson Worldwide by 76.7% during the third 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. Missouri Trust & Investment Co bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $41,000. Finally, Brooklyn Investment Group increased its holdings in shares of C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 316 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $101.62 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $12.06 billion, a PE ratio of 26.39, a PEG ratio of 1.16 and a beta of 0.82. The stock’s fifty day simple moving average is $102.14 and its 200 day simple moving average is $104.67.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CHRW. BMO Capital Markets upped their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. JPMorgan Chase & Co. cut their price target on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Barclays lifted their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Raymond James cut their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.17.

C.H. Robinson Worldwide 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.