C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 118.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,905 shares of the transportation company’s stock after purchasing an additional 18,390 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in C.H. Robinson Worldwide were worth $3,472,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Interval Partners LP acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $11,941,000. Gotham Asset Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 78.9% during the first quarter. Gotham Asset Management LLC now owns 222,154 shares of the transportation company’s stock worth $22,749,000 after buying an additional 98,004 shares during the period. AQR Capital Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 132.1% during the first quarter. AQR Capital Management LLC now owns 252,652 shares of the transportation company’s stock worth $25,745,000 after buying an additional 143,815 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $20,406,000. Finally, Adage Capital Partners GP L.L.C. lifted its stake in shares of C.H. Robinson Worldwide by 43.9% during the first quarter. Adage Capital Partners GP L.L.C. now owns 27,228 shares of the transportation company’s stock worth $2,788,000 after buying an additional 8,300 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Arun Rajan sold 2,500 shares of the business’s stock in a transaction on 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 approximately $15,898,148.34. The trade was a 1.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the business’s stock in a transaction on 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 in the last three months. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $132.41 on Friday. 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 firm has a market cap of $15.64 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 2.05 and a beta of 0.87. The company has a 50 day moving average price of $114.70 and a 200-day moving average price of $102.00. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $132.92.

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

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be 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 of this dividend is Friday, September 5th. C.H. Robinson Worldwide’s payout ratio is 56.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CHRW shares. Citigroup lifted their price objective on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. Wells Fargo & Company boosted their target price on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. 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, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.24.

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.