Natixis Advisors LLC Sells 10,639 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Natixis Advisors LLC lessened its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWFree Report) by 30.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,271 shares of the transportation company’s stock after selling 10,639 shares during the quarter. Natixis Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $3,902,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mairs & Power Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 0.7% in the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock worth $115,153,000 after acquiring an additional 6,188 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth about $937,000. Jones Kertz & Associates Inc. bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $1,557,000. Massachusetts Financial Services Co. MA bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth about $3,699,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 4.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 295,248 shares of the transportation company’s stock worth $39,091,000 after acquiring an additional 12,838 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of recent analyst reports. Raymond James Financial set a $210.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, April 30th. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Jefferies Financial Group raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their target price for the company from $195.00 to $200.00 in a research note on Wednesday, May 20th. Finally, UBS Group boosted their target price on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Seventeen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $195.65.

Read Our Latest Stock Analysis on C.H. Robinson Worldwide

C.H. Robinson Worldwide Stock Up 1.9%

NASDAQ:CHRW opened at $191.65 on Wednesday. The firm has a market cap of $22.59 billion, a PE ratio of 38.80, a price-to-earnings-growth ratio of 1.62 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The company has a 50-day moving average of $174.97 and a 200 day moving average of $173.45. C.H. Robinson Worldwide, Inc. has a 1-year low of $92.36 and a 1-year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. C.H. Robinson Worldwide’s payout ratio is currently 51.01%.

C.H. Robinson Worldwide Profile

(Free Report)

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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