Cinctive Capital Management LP Sells 27,487 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cinctive Capital Management LP trimmed its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 34.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,020 shares of the transportation company’s stock after selling 27,487 shares during the period. Cinctive Capital Management LP’s holdings in C.H. Robinson Worldwide were worth $5,478,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CHRW. National Pension Service purchased a new stake in C.H. Robinson Worldwide in the fourth quarter worth $25,000. Proficio Capital Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $33,000. Missouri Trust & Investment Co bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth about $41,000. Mainstream Capital Management LLC purchased a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $41,000. Finally, Quarry LP boosted its stake in 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 acquiring an additional 171 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the topic of several recent research reports. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Friday, January 31st. Susquehanna decreased their price objective on C.H. Robinson Worldwide from $127.00 to $117.00 and set a “positive” rating on the stock in a research note on Wednesday, March 26th. Robert W. Baird boosted their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Truist Financial assumed coverage on shares of C.H. Robinson Worldwide in a research note on Thursday, March 13th. They set a “buy” rating and a $115.00 target price on the stock. Finally, Citigroup dropped their price target on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $118.89.

Insider Activity

In other news, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $102.82 on Thursday. The stock has a market capitalization of $12.16 billion, a PE ratio of 26.71, a PEG ratio of 1.16 and a beta of 0.83. The company has a 50 day moving average price of $100.45 and a 200-day moving average price of $104.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were issued a $0.62 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.41%. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

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.