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

Versor Investments LP lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 135.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,132 shares of the transportation company’s stock after buying an additional 4,673 shares during the period. Versor Investments LP’s holdings in C.H. Robinson Worldwide were worth $898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC lifted its position in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of C.H. Robinson Worldwide by 168.2% during 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 in the last quarter. Venturi Wealth Management LLC increased its stake 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 acquiring an additional 111 shares during the period. Sentry Investment Management LLC acquired a new position in C.H. Robinson Worldwide in the first quarter worth about $49,000. Finally, Eastern Bank bought a new position in C.H. Robinson Worldwide during the third quarter worth about $54,000. 93.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CHRW. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their target price for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. The Goldman Sachs Group boosted their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. Finally, Barclays lifted their target price on shares of 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 given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $107.00.

C.H. Robinson Worldwide Stock Up 0.1 %

Shares of CHRW stock opened at $109.09 on Wednesday. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.49. The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 1.25 and a beta of 0.84. The firm’s 50-day moving average is $106.22 and its 200-day moving average is $95.29.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the company posted $0.84 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is presently 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.