C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock Holdings Increased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,253 shares of the transportation company’s stock after buying an additional 520 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in C.H. Robinson Worldwide were worth $1,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CHRW. Larson Financial Group LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $31,000. Pacific Center for Financial Services bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $34,000. Avior Wealth Management LLC raised its stake in shares of C.H. Robinson Worldwide by 71.4% in the 3rd quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock worth $37,000 after buying an additional 177 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $140,000. Finally, Naples Money Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter worth $181,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $70.26 on Friday. The business’s 50-day moving average price is $72.62 and its two-hundred day moving average price is $79.61. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $106.14. The company has a market capitalization of $8.22 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 3.62 and a beta of 0.72.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. The firm had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $0.61 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.44 dividend on an annualized basis and a yield of 3.47%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 90.04%.

Analyst Ratings Changes

A number of research firms have recently commented on CHRW. JPMorgan Chase & Co. dropped their price objective on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th. Stifel Nicolaus lifted their target price on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Bank of America decreased their target price on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a report on Monday, April 15th. Wells Fargo & Company decreased their target price on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. Finally, BNP Paribas restated a “neutral” rating and issued a $76.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Seven equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and an average price target of $81.21.

About C.H. Robinson Worldwide

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.