Nisa Investment Advisors LLC Sells 20,322 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Nisa Investment Advisors LLC reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 62.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,982 shares of the transportation company's stock after selling 20,322 shares during the quarter. Nisa Investment Advisors LLC's holdings in C.H. Robinson Worldwide were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at $2,960,000. GSA Capital Partners LLP grew its position in C.H. Robinson Worldwide by 8.8% during the third quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company's stock worth $796,000 after buying an additional 746 shares in the last quarter. abrdn plc increased its stake in C.H. Robinson Worldwide by 9.5% in the 3rd quarter. abrdn plc now owns 394,466 shares of the transportation company's stock worth $33,975,000 after acquiring an additional 34,300 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of C.H. Robinson Worldwide by 28.3% in the 3rd quarter. Nordea Investment Management AB now owns 309,074 shares of the transportation company's stock valued at $26,979,000 after acquiring an additional 68,256 shares in the last quarter. Finally, Weybosset Research & Management LLC boosted its position in shares of C.H. Robinson Worldwide by 31.7% during the 3rd quarter. Weybosset Research & Management LLC now owns 60,102 shares of the transportation company's stock valued at $5,177,000 after acquiring an additional 14,480 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded down $1.12 during trading hours on Tuesday, hitting $67.89. 1,640,836 shares of the stock traded hands, compared to its average volume of 1,587,783. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. C.H. Robinson Worldwide, Inc. has a 1 year low of $67.35 and a 1 year high of $106.14. The stock has a 50 day moving average price of $73.32 and a 200 day moving average price of $80.39. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 3.55 and a beta of 0.72.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.30). The company had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.31 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $0.61 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.59%. C.H. Robinson Worldwide's payout ratio is currently 90.04%.

Analysts Set New Price Targets

CHRW has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an "underweight" rating on the stock in a research note on Thursday, February 1st. Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. lowered their price target on C.H. Robinson Worldwide from $75.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 9th. BNP Paribas reiterated a "neutral" rating and issued a $76.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Finally, Bank of America cut their price objective on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an "underperform" rating for the company in a research note on Monday. Seven equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Hold" and an average price target of $81.21.

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.