Nisa Investment Advisors LLC Has $1.04 Million Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Nisa Investment Advisors LLC reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 62.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp raised its position in C.H. Robinson Worldwide by 4.3% during the first quarter. State Street Corp now owns 8,916,720 shares of the transportation company’s stock valued at $891,417,000 after buying an additional 365,084 shares during the period. Geode Capital Management LLC lifted its position in shares of C.H. Robinson Worldwide by 0.9% in the first quarter. Geode Capital Management LLC now owns 2,653,783 shares of the transportation company’s stock worth $263,167,000 after purchasing an additional 22,957 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of C.H. Robinson Worldwide by 15.0% during the third quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock worth $184,985,000 after purchasing an additional 280,177 shares during the period. Morgan Stanley grew its position in C.H. Robinson Worldwide by 3.2% during the third quarter. Morgan Stanley now owns 1,712,036 shares of the transportation company’s stock valued at $147,458,000 after purchasing an additional 52,567 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in C.H. Robinson Worldwide by 20.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company’s stock valued at $145,333,000 after buying an additional 280,938 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CHRW shares. Bank of America decreased their target price 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. Wolfe Research upgraded C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Barclays reaffirmed an “underweight” rating and set a $65.00 price target (down from $80.00) on shares of C.H. Robinson Worldwide in a research note on Monday, April 1st. Wells Fargo & Company dropped their price objective on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. Finally, Stifel Nicolaus raised their price objective on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Hold” and an average price target of $81.21.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $69.01 on Tuesday. C.H. Robinson Worldwide, Inc. has a 12 month low of $68.47 and a 12 month high of $106.14. The company has a market capitalization of $8.07 billion, a P/E ratio of 25.46, a P/E/G ratio of 3.55 and a beta of 0.72. The stock has a 50 day moving average of $73.32 and a two-hundred day moving average of $80.39. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.30). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The firm had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.35 billion. As a group, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 3.31 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 90.04%.

About C.H. Robinson Worldwide

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.