Balyasny Asset Management L.P. Has $100.44 Million Stake in C.H. Robinson Worldwide, Inc. $CHRW

Balyasny Asset Management L.P. reduced its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 18.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,046,789 shares of the transportation company’s stock after selling 239,024 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.89% of C.H. Robinson Worldwide worth $100,439,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CHRW. WPG Advisers LLC bought a new position in C.H. Robinson Worldwide during the first quarter worth $32,000. FNY Investment Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter valued at about $38,000. Cullen Frost Bankers Inc. lifted its stake in shares of C.H. Robinson Worldwide by 203.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock worth $43,000 after buying an additional 299 shares during the last quarter. National Pension Service boosted its holdings in shares of C.H. Robinson Worldwide by 74.4% during the 1st quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after buying an additional 183 shares during the period. Finally, Ransom Advisory Ltd bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $51,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $157.09 on Friday. The company has a market cap of $18.56 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.19 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $162.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a fifty day moving average price of $145.15 and a 200-day moving average price of $123.39.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.C.H. Robinson Worldwide’s revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the business earned $1.28 earnings per share. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, December 5th. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.12%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the completion of the sale, the insider owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. This represents a 57.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the transaction, the insider directly owned 65,728 shares in the company, valued at $9,840,138.88. This trade represents a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on CHRW. Truist Financial increased their price target on shares of C.H. Robinson Worldwide from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 30th. The Goldman Sachs Group increased their target price on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $140.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Morgan Stanley increased their price objective on C.H. Robinson Worldwide from $77.00 to $85.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, Citigroup cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and boosted their target price for the company from $134.00 to $148.00 in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.35.

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.