1 week Ago By ABMN Staff
Nisa Investment Advisors LLC lifted its position in shares of C.H. Robinson Worldwide, Inc.
( NASDAQ:CHRW – Free Report ) by 126.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,256 shares of the transportation company’s stock after acquiring an additional 16,338 shares during the period.
Nisa Investment Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $3,039,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. raised its holdings in shares of C.
H. Robinson Worldwide by 7.5% during the fourth quarter.
Atomi Financial Group Inc. now owns 3,095 shares of the transportation company’s stock worth $320,000 after purchasing an additional 216 shares during the period. Perpetual Ltd raised its stake in C.
H. Robinson Worldwide by 125.8% during the fourth quarter.
Perpetual Ltd now owns 4,471 shares of the transportation company’s stock worth $462,000 after acquiring an additional 2,491 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in C.
H. Robinson Worldwide by 6.6% in the fourth quarter.
Crossmark Global Holdings Inc. now owns 92,809 shares of the transportation company’s stock worth $9,589,000 after acquiring an additional 5,772 shares during the last quarter. Brooklyn Investment Group boosted its stake in C.
H. Robinson Worldwide by 213.5% in the fourth quarter.
Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 316 shares during the period. Finally, Wedge Capital Management L L P NC bought a new position in shares of C.H.
Robinson Worldwide during the fourth quarter valued at approximately $4,952,000. 93.15% of the stock is currently owned by institutional investors.
Insider Activity at C.H. Robinson Worldwide In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction that occurred on Monday, November 11th.
The shares were sold at an average price of $109.87, for a total value of $1,143,526.96.
Following the completion of the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This represents a 12.
79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, insider Michael D.
Castagnetto sold 2,032 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.
92. Following the transaction, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89.
The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
1.47% of the stock is owned by insiders. C.
H. Robinson Worldwide Price Performance C.H.
Robinson Worldwide ( NASDAQ:CHRW – Get Free Report ) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.
12 by $0.16. The business had revenue of $4.
64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.
H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.
96%. C.H.
Robinson Worldwide’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.
84 EPS. As a group, equities analysts anticipate that C.H.
Robinson Worldwide, Inc. will post 4.39 EPS for the current fiscal year.
C.H. Robinson Worldwide Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd.
Stockholders of record on Friday, December 6th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, December 6th.
This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.29%.
C.H. Robinson Worldwide’s dividend payout ratio is currently 85.
81%. Wall Street Analyst Weigh In A number of brokerages recently commented on CHRW. The Goldman Sachs Group upped their price objective on C.
H. Robinson Worldwide from $97.00 to $107.
00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. UBS Group raised shares of C.H.
Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $100.00 to $140.00 in a report on Friday, October 4th.
Raymond James raised shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.
00 target price for the company in a research note on Friday, January 10th. Wells Fargo & Company upgraded shares of C.H.
Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $118.00 to $130.00 in a research note on Monday, December 9th.
Finally, Susquehanna upgraded C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $115.
00 to $130.00 in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock.
According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.71.
View Our Latest Report on CHRW C.H. Robinson Worldwide Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.
H. Robinson Worldwide, Inc. ( NASDAQ:CHRW – Free Report ).
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