Schonfeld Strategic Advisors LLC Decreases Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Schonfeld Strategic Advisors LLC cut its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 97.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,010 shares of the transportation company's stock after selling 533,828 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in C.H. Robinson Worldwide were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp raised its position in shares of C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after acquiring an additional 3,004,338 shares in the last quarter. Norges Bank acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $134,833,000. Raymond James Financial Inc. bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $102,174,000. First Trust Advisors LP boosted its position in C.H. Robinson Worldwide by 163.6% during the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock worth $124,625,000 after acquiring an additional 748,661 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in C.H. Robinson Worldwide by 25.7% in the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock worth $299,582,000 after purchasing an additional 593,211 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CHRW. Citigroup reduced their target price on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Truist Financial began coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They set a "buy" rating and a $115.00 price objective for the company. Susquehanna dropped their price objective on C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus upgraded shares of 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. Finally, Stephens reiterated an "equal weight" rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.38.

Insider Activity

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

C.H. Robinson Worldwide Stock Up 6.7%

NASDAQ:CHRW traded up $5.92 during trading hours on Monday, reaching $94.89. The company's stock had a trading volume of 375,282 shares, compared to its average volume of 1,367,964. C.H. Robinson Worldwide, Inc. has a 12 month low of $81.39 and a 12 month high of $114.82. The stock has a 50 day moving average price of $94.32 and a two-hundred day moving average price of $100.96. The company has a market capitalization of $11.27 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. 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 (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. C.H. Robinson Worldwide's revenue was down 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.86 earnings per share. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

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.