Versor Investments LP Has $898,000 Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Versor Investments LP lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 135.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,132 shares of the transportation company’s stock after buying an additional 4,673 shares during the quarter. Versor Investments LP’s holdings in C.H. Robinson Worldwide were worth $898,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. First Eagle Investment Management LLC raised its holdings in C.H. Robinson Worldwide by 21.1% in 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 in the last quarter. Interval Partners LP acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $82,581,000. Point72 Asset Management L.P. bought a new stake in C.H. Robinson Worldwide during the 2nd quarter worth $69,378,000. ProShare Advisors LLC increased its holdings in C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after purchasing an additional 526,872 shares in the last quarter. Finally, Vest Financial LLC boosted its stake in shares of C.H. Robinson Worldwide by 44.1% during the second quarter. Vest Financial LLC now owns 627,804 shares of the transportation company’s stock valued at $55,322,000 after purchasing an additional 192,205 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several recent analyst reports. Wells Fargo & Company upped 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 research report on Thursday, August 1st. TD Cowen lifted their price target on shares of 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. Evercore ISI increased their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Benchmark boosted their target price on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Barclays raised their price objective on C.H. Robinson Worldwide from $75.00 to $85.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $107.00.

C.H. Robinson Worldwide Trading Up 0.1 %

Shares of CHRW stock opened at $109.09 on Wednesday. The business has a 50-day moving average price of $106.22 and a two-hundred day moving average price of $95.29. The company has a quick ratio of 1.42, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $113.10. The firm has a market cap of $12.90 billion, a P/E ratio of 37.75, a price-to-earnings-growth ratio of 1.25 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data 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 business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a dividend of $0.62 per share. 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 2.27%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 85.81%.

C.H. Robinson Worldwide Company 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.