C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,431 shares of the transportation company’s stock after buying an additional 9,560 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of C.H. Robinson Worldwide worth $9,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CHRW. Massmutual Trust Co. FSB ADV grew its holdings in C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 185 shares during the period. Quent Capital LLC boosted its holdings in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares during the last quarter. Eastern Bank purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $54,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth $55,000. Finally, Peoples Bank KS acquired a new position in C.H. Robinson Worldwide in the third quarter valued at $66,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $108.12 on Monday. The firm has a market cap of $12.66 billion, a price-to-earnings ratio of 42.74, a PEG ratio of 2.19 and a beta of 0.82. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $105.17 and its two-hundred day moving average is $92.20. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $113.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a dividend of $0.62 per share. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.29%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 98.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CHRW shares. Citigroup began coverage on C.H. Robinson Worldwide in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $115.00 price objective on the stock. Benchmark increased their price objective 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. Wells Fargo & Company lifted their target price 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. Susquehanna increased their price target on C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Finally, Evercore ISI raised their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $100.29.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the sale, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.47% of the company’s stock.

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.