385,110 C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its C.H. Robinson Worldwide stake by 2,265.8% in the third quarter, purchasing 385,110 additional shares and bringing its holdings to 402,107 shares worth about $59.5 million.
• Institutional investors own 93.15% of CHRW. The stock recently traded at $140.57, below its 50-day and 200-day moving averages, with a 52-week range of $125.35 to $210.33.
• C.H. Robinson exceeded quarterly earnings and revenue expectations, reporting $1.61 in EPS and $4.93 billion in revenue, while maintaining a quarterly dividend of $0.63 per share. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $190.

Nisa Investment Advisors LLC boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2,265.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,107 shares of the transportation company's stock after buying an additional 385,110 shares during the period. Nisa Investment Advisors LLC owned approximately 0.34% of C.H. Robinson Worldwide worth $59,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CHRW. Burkett Financial Services LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $25,000. Millstone Evans Group LLC grew its position in shares of C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Continuum Advisory LLC bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $27,000. NBH Bank bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $29,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after purchasing an additional 67 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $140.57 on Wednesday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market cap of $16.43 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.15 and a beta of 0.94. The firm's fifty day moving average price is $146.92 and its 200-day moving average price is $167.50.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. The firm's revenue was up 19.3% on a year-over-year basis. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $0.63 dividend. 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 presently 48.09%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Freedom Capital raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $153.00 price target on the stock. in a research report on Monday, October 12th. Raymond James Financial reissued an "outperform" rating and issued a $170.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 15th. TD Cowen restated a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Finally, Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $190.00.

C.H. Robinson Worldwide 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.

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