Meiji Yasuda Asset Management Co Ltd. Trims Position in C.H. Robinson Worldwide, Inc. $CHRW

Meiji Yasuda Asset Management Co Ltd. trimmed its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 41.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,175 shares of the transportation company’s stock after selling 44,369 shares during the period. Meiji Yasuda Asset Management Co Ltd. owned 0.05% of C.H. Robinson Worldwide worth $6,469,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Boston Partners purchased a new position in shares of C.H. Robinson Worldwide during the first quarter valued at about $234,304,000. Allianz Asset Management GmbH grew its position in shares of C.H. Robinson Worldwide by 144.4% during the first 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 in the last quarter. GAMMA Investing LLC grew its position in shares of C.H. Robinson Worldwide by 7,706.1% during the first quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company’s stock valued at $46,578,000 after purchasing an additional 449,034 shares in the last quarter. Nuveen LLC purchased a new position in shares of C.H. Robinson Worldwide during the first quarter valued at about $40,825,000. Finally, Northern Trust Corp grew its position in shares of C.H. Robinson Worldwide by 30.3% during the first 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 in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.2%

Shares of NASDAQ CHRW opened at $125.90 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $14.87 billion, a P/E ratio of 28.68, a PEG ratio of 1.98 and a beta of 0.87. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $131.17. The firm has a 50-day simple moving average of $112.22 and a two-hundred day simple moving average of $101.21.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 annualized dividend and a yield of 2.0%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 56.49%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the sale, the insider owned 130,591 shares of the company’s stock, valued at $15,898,148.34. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,577 shares of company stock valued at $1,714,544 over the last 90 days. Insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

CHRW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Citigroup raised their price objective on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Bank of America raised their price objective on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Susquehanna restated a “positive” rating and set a $120.00 price objective (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, June 24th. Finally, Baird R W upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.24.

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.