Mirae Asset Global Investments Co. Ltd. Purchases 3,156 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Mirae Asset Global Investments Co. Ltd. lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 13.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,400 shares of the transportation company’s stock after acquiring an additional 3,156 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $2,533,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 0.4% in the first quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company’s stock valued at $1,493,645,000 after acquiring an additional 51,207 shares in the last quarter. Boston Partners acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at about $234,304,000. Invesco Ltd. grew its stake in shares of C.H. Robinson Worldwide by 8.4% in the first quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company’s stock valued at $234,058,000 after acquiring an additional 176,374 shares in the last quarter. Northern Trust Corp grew its stake in shares of C.H. Robinson Worldwide by 30.3% in the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock valued at $174,393,000 after acquiring an additional 396,264 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in C.H. Robinson Worldwide by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,415,669 shares of the transportation company’s stock worth $144,965,000 after acquiring an additional 16,068 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on CHRW shares. Evercore ISI raised their price objective on C.H. Robinson Worldwide from $116.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Weiss Ratings restated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research note on Saturday, September 27th. TD Cowen raised their price objective on 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. Raymond James Financial set a $111.00 target price on shares of C.H. Robinson Worldwide and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus boosted their target price on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.52.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the sale, the insider directly owned 60,401 shares in the company, 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 SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider owned 65,728 shares of the company’s stock, valued at $7,640,222.72. The trade was a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,577 shares of company stock worth $1,714,544. Insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $133.79 on Wednesday. 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 quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a market cap of $15.80 billion, a P/E ratio of 30.48, a P/E/G ratio of 1.85 and a beta of 0.90. The business has a fifty day simple moving average of $126.51 and a 200 day simple moving average of $106.12.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the business posted $1.15 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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