C.H. Robinson Worldwide, Inc. $CHRW Holdings Cut by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. significantly reduced its stake in C.H. Robinson Worldwide, Inc. by 46.7%, owning 8,157 shares valued at $835,000 after selling 7,155 shares.
• Various hedge funds have increased their positions in C.H. Robinson, with notable raises by Tokio Marine Asset Management and Deseret Mutual Benefit Administrators in the first quarter.
• Wall Street analysts have a generally positive outlook on the stock, with several raising target prices and an average rating of "Moderate Buy," forecasting a target price of $117.24.

Nomura Holdings Inc. cut its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 46.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,157 shares of the transportation company's stock after selling 7,155 shares during the period. Nomura Holdings Inc.'s holdings in C.H. Robinson Worldwide were worth $835,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CHRW. North Capital Inc. acquired a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $25,000. NBC Securities Inc. bought a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $27,000. First Financial Corp IN bought a new stake in C.H. Robinson Worldwide during the 1st quarter valued at $31,000. WPG Advisers LLC bought a new stake in C.H. Robinson Worldwide during the 1st quarter valued at about $32,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of C.H. Robinson Worldwide by 252.1% in the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after buying an additional 300 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 0.5%

Shares of NASDAQ:CHRW traded down $0.68 during mid-day trading on Monday, hitting $125.45. The stock had a trading volume of 562,246 shares, compared to its average volume of 1,347,410. The company has a market cap of $14.81 billion, a PE ratio of 28.58, a P/E/G ratio of 1.98 and a beta of 0.87. The company's 50 day moving average is $111.62 and its 200-day moving average is $101.03. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $131.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.12. The business had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.C.H. Robinson Worldwide's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 earnings per share. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide's payout ratio is 56.49%.

Insider Activity

In other news, insider Angela K. Freeman sold 5,713 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the transaction, the insider directly owned 65,728 shares of the company's stock, valued at $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Arun Rajan sold 2,500 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the transaction, the insider directly owned 130,591 shares of the company's stock, valued at $15,898,148.34. The trade was a 1.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock valued at $1,714,544 over the last three months. Corporate insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

CHRW has been the subject of several recent analyst reports. Bank of America lifted their price objective on shares of 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. Baird R W raised C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Barclays reissued an "underweight" rating and set a $95.00 target price (up previously from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Stifel Nicolaus raised their target price on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Raymond James Financial set a $111.00 target price on C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $117.24.

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.