C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 48,325 shares of the transportation company’s stock after buying an additional 884 shares during the period. Asset Management One Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $4,637,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHRW. Boston Partners acquired a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $234,304,000. Allianz Asset Management GmbH boosted its stake in C.H. Robinson Worldwide by 144.4% during the 1st quarter. Allianz Asset Management GmbH now owns 784,106 shares of the transportation company’s stock valued at $80,292,000 after purchasing an additional 463,216 shares during the period. Nuveen LLC acquired a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $40,825,000. Northern Trust Corp boosted its stake in C.H. Robinson Worldwide by 30.3% during the 1st quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock valued at $174,393,000 after purchasing an additional 396,264 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its stake in C.H. Robinson Worldwide by 76.3% during the 1st quarter. Jupiter Asset Management Ltd. now owns 705,786 shares of the transportation company’s stock valued at $72,272,000 after purchasing an additional 305,368 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 6,364 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the sale, the insider directly owned 60,401 shares of the company’s stock, valued at $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Arun Rajan sold 2,500 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction of $304,350.00. Following the sale, the insider directly owned 130,591 shares of the company’s stock, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,577 shares of company stock valued at $1,714,544 over the last ninety days. Insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CHRW shares. Bank of America boosted their target price on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. UBS Group boosted their target price on shares of C.H. Robinson Worldwide from $133.00 to $166.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Robert W. Baird raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Thursday, July 31st. TD Cowen upped their price target on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a “hold” rating in a research note on Thursday, July 31st. Finally, Baird R W raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.05.

C.H. Robinson Worldwide Trading Down 0.8%

Shares of NASDAQ:CHRW opened at $128.07 on Wednesday. The company has a 50 day moving average of $129.66 and a 200-day moving average of $109.50. The firm has a market cap of $15.12 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.79 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $138.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the business earned $1.15 earnings per share. The business’s quarterly revenue was down 7.7% on a year-over-year basis. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.48 annualized dividend and a yield of 1.9%. C.H. Robinson Worldwide’s dividend payout ratio is currently 56.49%.

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.