Natixis Advisors LLC Boosts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Natixis Advisors LLC grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 25.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,343 shares of the transportation company’s stock after acquiring an additional 3,153 shares during the quarter. Natixis Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $1,693,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC raised its holdings in C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares during the period. Quent Capital LLC lifted its holdings in shares of C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 146 shares in the last quarter. Eastern Bank purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $55,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their target price on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Citigroup raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $127.00 in a research report on Tuesday, November 12th. The Goldman Sachs Group boosted their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $107.63.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $107.54 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 37.21, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The business has a 50 day simple moving average of $107.74 and a 200-day simple moving average of $97.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.31%. C.H. Robinson Worldwide’s dividend payout ratio is currently 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is currently owned by insiders.

C.H. Robinson Worldwide 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.