Nomura Asset Management Co. Ltd. raised its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,412 shares of the transportation company’s stock after purchasing an additional 1,634 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $1,630,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec raised its position in C.H. Robinson Worldwide by 3.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 29,903 shares of the transportation company’s stock valued at $2,285,000 after purchasing an additional 1,100 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of C.H. Robinson Worldwide by 6.6% in the third quarter. Envestnet Asset Management Inc. now owns 169,970 shares of the transportation company’s stock worth $12,935,000 after buying an additional 10,515 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD. purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $2,450,000. Stifel Financial Corp increased its holdings in shares of C.H. Robinson Worldwide by 166.5% in the third quarter. Stifel Financial Corp now owns 26,077 shares of the transportation company’s stock worth $1,984,000 after buying an additional 16,292 shares during the period. Finally, KBC Group NV increased its holdings in shares of C.H. Robinson Worldwide by 16.2% in the third quarter. KBC Group NV now owns 15,136 shares of the transportation company’s stock worth $1,152,000 after buying an additional 2,108 shares during the period. Institutional investors and hedge funds own 94.68% of the company’s stock.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) opened at $85.79 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $11,960.00, a PE ratio of 26.27, a P/E/G ratio of 3.02 and a beta of 0.48. C.H. Robinson Worldwide, Inc. has a 12 month low of $63.41 and a 12 month high of $89.11.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.03. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.65 billion. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. C.H. Robinson Worldwide’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. analysts predict that C.H. Robinson Worldwide, Inc. will post 3.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be paid a $0.46 dividend. The ex-dividend date is Friday, December 15th. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 2.14%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 53.73%.

Several research analysts have recently commented on CHRW shares. Zacks Investment Research upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Wednesday, October 18th. Credit Suisse Group lifted their price objective on C.H. Robinson Worldwide from $68.00 to $69.00 and gave the stock an “underperform” rating in a report on Thursday, November 2nd. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $86.00 in a report on Tuesday, October 10th. BMO Capital Markets downgraded C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $72.00 to $77.00 in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, Goldman Sachs Group started coverage on C.H. Robinson Worldwide in a report on Monday, November 13th. They issued a “neutral” rating and a $78.00 price objective on the stock. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $77.35.

In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,300 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total transaction of $104,832.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Ben G. Campbell sold 4,865 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $85.00, for a total value of $413,525.00. Following the sale, the vice president now directly owns 29,837 shares in the company, valued at $2,536,145. The disclosure for this sale can be found here. Insiders sold 22,903 shares of company stock worth $1,854,925 over the last three months. 0.85% of the stock is owned by insiders.

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C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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

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