Dark Forest Capital Management LP Lowers Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Dark Forest Capital Management LP lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 49.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,234 shares of the transportation company's stock after selling 3,128 shares during the period. Dark Forest Capital Management LP's holdings in C.H. Robinson Worldwide were worth $334,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CHRW. Parallel Advisors LLC boosted its holdings in shares of C.H. Robinson Worldwide by 2.4% during the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company's stock worth $443,000 after purchasing an additional 102 shares during the period. Cascade Investment Advisors Inc. lifted its holdings in C.H. Robinson Worldwide by 0.7% in the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock worth $1,652,000 after buying an additional 105 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock worth $400,000 after buying an additional 131 shares during the last quarter. SkyView Investment Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock valued at $717,000 after buying an additional 144 shares during the period. Finally, Sound Financial Strategies Group LLC raised its holdings in shares of C.H. Robinson Worldwide by 1.9% during the fourth quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company's stock valued at $867,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Up 1.2 %

NASDAQ CHRW traded up $1.06 during mid-day trading on Thursday, reaching $90.28. The stock had a trading volume of 1,956,041 shares, compared to its average volume of 1,406,378. The stock has a market cap of $10.67 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 1 year low of $70.41 and a 1 year high of $114.82. 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 company has a fifty day moving average price of $95.76 and a 200 day moving average price of $102.03.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The firm had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company's revenue was down 8.3% on a year-over-year basis. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date was Friday, March 7th. C.H. Robinson Worldwide's payout ratio is presently 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares of the company's stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela K. Freeman sold 8,000 shares of the 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 completion of the transaction, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. Bank of America reduced their price objective on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Evercore ISI reduced their price target on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research report on Thursday. Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating for the company in a report on Thursday. UBS Group reduced their target price on C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Stifel Nicolaus upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $114.38.

C.H. Robinson Worldwide Company 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.