Nuveen LLC Acquires New Shares in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Key Points

• Nuveen LLC acquired approximately 398,684 shares of C.H. Robinson Worldwide, valued at about $40.8 million, representing a 0.34% ownership stake as per their SEC filing.
• C.H. Robinson Worldwide announced a quarterly dividend of $0.62 per share, with an annualized dividend yield of 2.0%, set to be paid on October 2nd.
• The company reported earnings per share of $1.29 for the last quarter, surpassing analysts' expectations, although revenue declined 7.7% year-over-year.

Nuveen LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 398,684 shares of the transportation company's stock, valued at approximately $40,825,000. Nuveen LLC owned approximately 0.34% of C.H. Robinson Worldwide as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. North Capital Inc. bought a new stake in C.H. Robinson Worldwide during the first quarter valued at $25,000. NBC Securities Inc. bought a new stake in C.H. Robinson Worldwide during the first quarter valued at $27,000. First Financial Corp IN bought a new stake in C.H. Robinson Worldwide during the first quarter valued at $31,000. AdvisorNet Financial Inc boosted its position in C.H. Robinson Worldwide by 252.1% during the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after acquiring an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in C.H. Robinson Worldwide by 31.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Down 0.2%

C.H. Robinson Worldwide stock opened at $121.24 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $122.05. The firm has a 50 day moving average price of $101.97 and a 200-day moving average price of $98.21. The company has a market capitalization of $14.32 billion, a P/E ratio of 27.62, a P/E/G ratio of 1.91 and a beta of 0.86. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company's revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 annualized dividend and a yield of 2.0%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 56.49%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,713 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were 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 approximately $7,640,222.72. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael John Short sold 6,364 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the transaction, the insider directly owned 60,401 shares of the company's stock, valued at approximately $7,081,413.24. This trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. Barclays reaffirmed an "underweight" rating and set a $95.00 price target (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Wells Fargo & Company upped their price objective on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Baird R W upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Raymond James Financial set a $111.00 price objective on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. Finally, UBS Group reiterated a "buy" rating and set a $133.00 price objective (up previously from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $116.33.

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.

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