Nomura Asset Management Co. Ltd. Has $50.16 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Nomura Asset Management Co. Ltd. trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 16.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 454,504 shares of the transportation company's stock after selling 86,636 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.38% of C.H. Robinson Worldwide worth $50,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CHRW. Charles Schwab Investment Management Inc. raised its position in shares of C.H. Robinson Worldwide by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company's stock valued at $436,648,000 after buying an additional 142,116 shares during the last quarter. FMR LLC lifted its position in C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock worth $282,303,000 after purchasing an additional 2,449,367 shares during the period. ProShare Advisors LLC boosted its stake in C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock worth $222,837,000 after buying an additional 526,872 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in C.H. Robinson Worldwide by 12.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company's stock valued at $155,149,000 after acquiring an additional 153,654 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of C.H. Robinson Worldwide by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company's stock worth $115,921,000 after buying an additional 34,632 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHRW. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 13th. Susquehanna dropped their target price on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Citigroup lowered C.H. Robinson Worldwide from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 22nd. TD Cowen increased their target price on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company upgraded C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $118.00 to $130.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $109.13.

C.H. Robinson Worldwide Stock Up 1.0 %

CHRW stock traded up $1.07 during midday trading on Tuesday, hitting $109.21. The company's stock had a trading volume of 1,211,237 shares, compared to its average volume of 1,502,870. The company's fifty day moving average price is $107.81 and its 200 day moving average price is $99.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The stock has a market capitalization of $12.91 billion, a P/E ratio of 37.79, a PEG ratio of 1.21 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted 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 firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business's revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 85.81%.

Insider Activity

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide 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 transaction, 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 legal filing with the SEC, which is available through this link. 1.47% of the stock is 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.