C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Nilsine Partners LLC

Nilsine Partners LLC raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 113.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 12,359 shares of the transportation company’s stock after acquiring an additional 6,560 shares during the period. Nilsine Partners LLC’s holdings in C.H. Robinson Worldwide were worth $1,636,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System lifted its holdings in shares of C.H. Robinson Worldwide by 12.8% during the 2nd quarter. New York State Teachers Retirement System now owns 100,735 shares of the transportation company’s stock worth $9,666,000 after acquiring an additional 11,443 shares during the period. Norges Bank acquired a new position in C.H. Robinson Worldwide during the second quarter worth approximately $118,976,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in C.H. Robinson Worldwide by 118.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,905 shares of the transportation company’s stock worth $3,472,000 after purchasing an additional 18,390 shares during the last quarter. Vest Financial LLC raised its stake in C.H. Robinson Worldwide by 16.3% during the second quarter. Vest Financial LLC now owns 589,485 shares of the transportation company’s stock worth $56,561,000 after purchasing an additional 82,609 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of C.H. Robinson Worldwide by 11.3% in the 2nd quarter. ProShare Advisors LLC now owns 1,775,758 shares of the transportation company’s stock valued at $170,384,000 after purchasing an additional 180,635 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 49,884 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the transaction, the insider owned 65,728 shares in the company, valued at $9,840,138.88. This represents a 43.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of the 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 directly owned 34,046 shares of the company’s stock, valued at $5,164,778.20. This trade represents a 57.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Raymond James Financial boosted their price objective on shares of C.H. Robinson Worldwide from $158.00 to $161.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Citigroup cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and lifted their target price for the company from $134.00 to $148.00 in a report on Wednesday, October 8th. The Goldman Sachs Group boosted their price target on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Bank of America upped their price target on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Finally, UBS Group lifted their price objective on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.48.

C.H. Robinson Worldwide Stock Up 0.9%

Shares of C.H. Robinson Worldwide stock opened at $159.04 on Wednesday. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $162.79. The stock has a market cap of $18.79 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 2.06 and a beta of 0.90. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average price of $146.12 and a 200 day moving average price of $124.65.

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

C.H. Robinson Worldwide Increases Dividend

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

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.