Dark Forest Capital Management LP trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 75.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,401 shares of the transportation company’s stock after selling 10,429 shares during the period. Dark Forest Capital Management LP’s holdings in C.H. Robinson Worldwide were worth $293,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of CHRW. Penserra Capital Management LLC acquired a new position in C.H. Robinson Worldwide in the first quarter worth about $30,000. West Tower Group LLC bought a new position in C.H. Robinson Worldwide in the second quarter worth about $31,000. Larson Financial Group LLC bought a new position in C.H. Robinson Worldwide in the third quarter worth about $31,000. Avior Wealth Management LLC lifted its holdings in C.H. Robinson Worldwide by 71.4% in the third quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock worth $37,000 after acquiring an additional 177 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new position in C.H. Robinson Worldwide in the fourth quarter worth about $50,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.
C.H. Robinson Worldwide Trading Down 0.3 %
NASDAQ CHRW opened at $73.88 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $71.29 and a twelve month high of $106.36. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 3.79 and a beta of 0.76. The firm’s 50 day moving average price is $80.99 and its two-hundred day moving average price is $84.12.
C.H. Robinson Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 90.04%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. BMO Capital Markets cut their price target on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, February 1st. Susquehanna raised C.H. Robinson Worldwide from a “negative” rating to a “neutral” rating and lifted their price target for the company from $72.00 to $80.00 in a report on Wednesday, January 10th. Stifel Nicolaus lifted their price target on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. StockNews.com lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Wells Fargo & Company lowered their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Thursday, February 1st. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.00.
Check Out Our Latest Report on C.H. Robinson Worldwide
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.
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