AlphaQuest LLC Trims Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

AlphaQuest LLC lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 28.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,745 shares of the transportation company’s stock after selling 1,110 shares during the quarter. AlphaQuest LLC’s holdings in C.H. Robinson Worldwide were worth $284,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CHRW. Venturi Wealth Management LLC raised its position in shares of 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 valued at $27,000 after purchasing an additional 111 shares during the period. National Pension Service bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $25,000. Quarry LP lifted its position in shares of C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 171 shares in the last quarter. Missouri Trust & Investment Co bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $41,000. Finally, Mainstream Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $41,000. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $98.38 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The firm has a market capitalization of $11.68 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The company’s 50-day moving average is $101.13 and its 200 day moving average is $104.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping 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%. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Analyst Ratings Changes

CHRW has been the topic of a number of research analyst reports. Raymond James lowered their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Bank of America dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a report on Friday, January 31st. Stephens reissued an “equal weight” rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Finally, Susquehanna reduced their target price on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $117.65.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,048 shares of company stock worth $1,513,656. Insiders own 1.47% of the company’s stock.

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.