Versor Investments LP Boosts Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Versor Investments LP grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 135.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,132 shares of the transportation company's stock after acquiring an additional 4,673 shares during the quarter. Versor Investments LP's holdings in C.H. Robinson Worldwide were worth $898,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Board of Administration of Florida Retirement System grew its position in C.H. Robinson Worldwide by 6.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 145,268 shares of the transportation company's stock worth $11,061,000 after purchasing an additional 8,449 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in C.H. Robinson Worldwide by 13.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company's stock valued at $16,301,000 after acquiring an additional 26,156 shares during the period. First Eagle Investment Management LLC raised its stake in C.H. Robinson Worldwide by 21.1% during the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company's stock valued at $874,548,000 after acquiring an additional 2,003,158 shares during the last quarter. Wilkins Investment Counsel Inc. lifted its position in C.H. Robinson Worldwide by 69.6% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 91,230 shares of the transportation company's stock worth $6,946,000 after acquiring an additional 37,435 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its stake in shares of C.H. Robinson Worldwide by 1.5% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 42,166 shares of the transportation company's stock valued at $3,211,000 after purchasing an additional 612 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $2.59 during trading hours on Wednesday, hitting $111.68. The company's stock had a trading volume of 1,462,909 shares, compared to its average volume of 1,534,294. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. 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 cap of $13.20 billion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 1.26 and a beta of 0.84. The business has a fifty day moving average of $106.37 and a 200-day moving average of $95.40.

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, topping the consensus estimate of $1.12 by $0.16. The company 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%. C.H. Robinson Worldwide's revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company 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 is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.22%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 85.81%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CHRW shares. The Goldman Sachs Group lifted their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. Bank of America raised shares of C.H. Robinson Worldwide from an "underperform" rating to a "buy" rating and increased their price target for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Citigroup raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their target price for the stock from $110.00 to $127.00 in a research note on Tuesday. Finally, Susquehanna decreased their price target on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Hold" and an average price target of $107.63.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,408 shares of the business's 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 transaction, the insider now owns 70,943 shares of the company's stock, valued at $7,794,507.41. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.47% of the stock is owned by corporate 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.