C.H. Robinson Worldwide, Inc. $CHRW Stock Holdings Lifted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2,265.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 402,107 shares of the transportation company’s stock after acquiring an additional 385,110 shares during the period. Nisa Investment Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $59,496,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Integrated Advisors Network LLC purchased a new position in shares of C.H. Robinson Worldwide during the third quarter worth approximately $1,607,000. Harfst & Associates Inc. bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth approximately $294,000. Oregon Pacific Wealth Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $283,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of C.H. Robinson Worldwide by 77.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 69,614 shares of the transportation company’s stock valued at $10,300,000 after purchasing an additional 30,287 shares in the last quarter. Finally, Zullo Investment Group Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $581,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on CHRW shares. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Jefferies Financial Group reissued a “buy” rating and issued a $220.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price target for the company. in a research note on Monday, October 12th. Evercore set a $217.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Wall Street Zen raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Trading Up 1.2%

CHRW opened at $140.57 on Wednesday. C.H. Robinson Worldwide, Inc. has a one year low of $125.35 and a one year high of $210.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The business has a 50 day simple moving average of $146.92 and a two-hundred day simple moving average of $167.50. The firm has a market capitalization of $16.43 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.15 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $1.29 EPS. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.