Nomura Asset Management Co. Ltd. Has $57.93 Million Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Nomura Asset Management Co. Ltd. cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 360,357 shares of the transportation company’s stock after selling 89,707 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.31% of C.H. Robinson Worldwide worth $57,931,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. Vermillion & White Wealth Management Group LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter worth about $27,000. CYBER HORNET ETFs LLC acquired a new stake in C.H. Robinson Worldwide in the second quarter worth about $30,000. Clearstead Advisors LLC increased its position in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter worth about $34,000. Finally, MUFG Securities EMEA plc acquired a new stake in C.H. Robinson Worldwide in the second quarter worth about $34,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on CHRW shares. JPMorgan Chase & Co. lifted their price objective on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Susquehanna lowered their price objective on C.H. Robinson Worldwide from $220.00 to $215.00 and set a “positive” rating for the company in a research report on Wednesday, April 22nd. Stifel Nicolaus lifted their price objective on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Raymond James Financial set a $210.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average target price of $192.61.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $178.65 on Monday. The stock has a market capitalization of $21.06 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 1.54 and a beta of 0.91. The business’s 50-day simple moving average is $172.79 and its 200-day simple moving average is $171.87. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two week high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.