Nisa Investment Advisors LLC Decreases Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Nisa Investment Advisors LLC reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 66.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,907 shares of the transportation company's stock after selling 19,349 shares during the period. Nisa Investment Advisors LLC's holdings in C.H. Robinson Worldwide were worth $1,021,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in shares of C.H. Robinson Worldwide by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company's stock worth $15,248,000 after purchasing an additional 6,889 shares in the last quarter. Amalgamated Bank grew its stake in shares of C.H. Robinson Worldwide by 1.9% in the first quarter. Amalgamated Bank now owns 23,098 shares of the transportation company's stock worth $2,365,000 after acquiring an additional 432 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of C.H. Robinson Worldwide by 4.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company's stock worth $877,000 after purchasing an additional 340 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in C.H. Robinson Worldwide in the 1st quarter worth about $206,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in C.H. Robinson Worldwide by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company's stock worth $2,573,000 after buying an additional 589 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHRW has been the subject of several analyst reports. UBS Group reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating for the company in a research report on Thursday, July 3rd. Wells Fargo & Company lowered their price target on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Raymond James Financial reduced their price objective on C.H. Robinson Worldwide from $114.00 to $111.00 and set an "outperform" rating for the company in a report on Tuesday. Barclays decreased their target price on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Finally, Wolfe Research raised shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price target on the stock in a report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.29.

Insider Activity

In related news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the sale, the insider owned 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by company insiders.

C.H. Robinson Worldwide Price Performance

CHRW traded down $0.96 on Tuesday, hitting $97.06. 734,558 shares of the company's stock traded hands, compared to its average volume of 1,290,903. The company's 50 day simple moving average is $95.60 and its 200-day simple moving average is $97.49. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $114.82. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 1.63 and a beta of 0.89.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.02 by $0.15. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The company's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.56%. C.H. Robinson Worldwide's payout ratio is 59.33%.

C.H. Robinson Worldwide Company 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.