Voya Investment Management LLC Buys 46,290 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Voya Investment Management LLC increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 126.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 82,941 shares of the transportation company’s stock after acquiring an additional 46,290 shares during the period. Voya Investment Management LLC’s holdings in C.H. Robinson Worldwide were worth $10,981,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CHRW. Czech National Bank raised its stake in shares of C.H. Robinson Worldwide by 3.3% during the 3rd quarter. Czech National Bank now owns 29,993 shares of the transportation company’s stock worth $3,971,000 after purchasing an additional 971 shares in the last quarter. Oak Thistle LLC bought a new stake in C.H. Robinson Worldwide during the third quarter worth $999,000. Nilsine Partners LLC lifted its stake in C.H. Robinson Worldwide by 113.1% in the third quarter. Nilsine Partners LLC now owns 12,359 shares of the transportation company’s stock valued at $1,636,000 after acquiring an additional 6,560 shares during the last quarter. GAMMA Investing LLC grew its position in shares of C.H. Robinson Worldwide by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 6,151 shares of the transportation company’s stock valued at $814,000 after acquiring an additional 1,213 shares during the period. Finally, Park National Corp OH bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $230,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CHRW shares. Weiss Ratings upgraded shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, December 16th. BMO Capital Markets reiterated a “market perform” rating and set a $140.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $135.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. UBS Group lifted their price objective on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Susquehanna set a $165.00 price objective on shares of C.H. Robinson Worldwide and gave the company a “positive” rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.48.

C.H. Robinson Worldwide Stock Down 0.9%

NASDAQ CHRW opened at $164.99 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64. The company has a market cap of $19.49 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 2.18 and a beta of 0.90. The company has a 50 day moving average of $149.00 and a 200-day moving average of $126.57. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $167.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The company’s revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the company earned $1.28 EPS. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, December 5th. C.H. Robinson Worldwide’s payout ratio is presently 51.12%.

Insider Activity

In other news, insider Michael D. Castagnetto sold 45,266 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the completion of the sale, the insider owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. This represents a 57.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the transaction, the insider directly owned 65,728 shares in the company, valued at $9,840,138.88. This trade represents a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Profile

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.