C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 25.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,343 shares of the transportation company’s stock after acquiring an additional 3,153 shares during the period. Natixis Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $1,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. QRG Capital Management Inc. raised its stake in C.H. Robinson Worldwide by 0.9% during the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after acquiring an additional 98 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of C.H. Robinson Worldwide by 13.6% during the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 120 shares in the last quarter. Quent Capital LLC lifted its holdings in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares during the period. Finally, Redwood Investment Management LLC grew its position in C.H. Robinson Worldwide by 0.6% in the 1st quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock valued at $2,143,000 after buying an additional 165 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upgraded C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $87.00 to $110.00 in a research report on Thursday, August 1st. Citigroup upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $127.00 in a research report on Tuesday, November 12th. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Finally, Wells Fargo & Company raised their target price on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.63.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $107.54 on Tuesday. The company has a 50-day moving average of $107.74 and a two-hundred day moving average of $97.31. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 1.23 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.31%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

Insider Activity

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.18% of the stock is currently owned by corporate insiders.

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.