Cubist Systematic Strategies LLC Acquires 11,397 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cubist Systematic Strategies LLC boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 18.0% during the 1st quarter, Holdings Channel reports. The firm owned 74,863 shares of the transportation company’s stock after buying an additional 11,397 shares during the period. Cubist Systematic Strategies LLC’s holdings in C.H. Robinson Worldwide were worth $7,144,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in C.H. Robinson Worldwide by 5.9% in the 1st quarter. BlackRock Inc. now owns 16,939,470 shares of the transportation company’s stock worth $1,616,534,000 after acquiring an additional 941,208 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in C.H. Robinson Worldwide by 0.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,057,828 shares of the transportation company’s stock worth $287,038,000 after acquiring an additional 10,584 shares during the last quarter. Norges Bank bought a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $124,745,000. Sprucegrove Investment Management Ltd. increased its stake in C.H. Robinson Worldwide by 16.3% in the 1st quarter. Sprucegrove Investment Management Ltd. now owns 1,161,200 shares of the transportation company’s stock worth $110,813,000 after acquiring an additional 162,700 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in C.H. Robinson Worldwide by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,101,746 shares of the transportation company’s stock worth $105,141,000 after acquiring an additional 3,468 shares during the last quarter. 90.09% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Michael John Short sold 17,504 shares of the company’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $99.29, for a total transaction of $1,737,972.16. Following the completion of the sale, the insider now directly owns 32,080 shares in the company, valued at approximately $3,185,223.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Michael W. Neill sold 2,243 shares of the company’s stock in a transaction on Wednesday, May 5th. The stock was sold at an average price of $99.39, for a total value of $222,931.77. The disclosure for this sale can be found here. Insiders have sold a total of 38,821 shares of company stock valued at $3,863,639 over the last 90 days. 0.95% of the stock is currently owned by company insiders.

A number of analysts have issued reports on the company. Credit Suisse Group lifted their price objective on C.H. Robinson Worldwide from $90.00 to $93.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 28th. Morgan Stanley boosted their target price on C.H. Robinson Worldwide from $58.00 to $60.00 and gave the company an “underweight” rating in a research report on Thursday, July 8th. Susquehanna boosted their target price on C.H. Robinson Worldwide from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, April 13th. Vertical Research started coverage on C.H. Robinson Worldwide in a research report on Friday, March 26th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group raised C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Monday, June 7th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $98.83.

Shares of CHRW stock opened at $93.14 on Thursday. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.72 and a twelve month high of $106.75. The stock has a market cap of $12.39 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.06 and a beta of 0.70. The stock has a fifty day moving average price of $95.75. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, April 27th. The transportation company reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.30. C.H. Robinson Worldwide had a return on equity of 32.85% and a net margin of 3.50%. The business had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the prior year, the business earned $0.57 EPS. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 5.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 1st. Investors of record on Friday, June 4th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, June 3rd. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 54.84%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through two segments, North American Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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