Sumitomo Mitsui DS Asset Management Company Ltd Acquires 154 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,690 shares of the transportation company’s stock after buying an additional 154 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in C.H. Robinson Worldwide were worth $1,505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. North Capital Inc. bought a new position in C.H. Robinson Worldwide during the first quarter worth about $25,000. NBC Securities Inc. acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $27,000. First Financial Corp IN acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $31,000. WPG Advisers LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at $32,000. Finally, AdvisorNet Financial Inc grew its holdings in C.H. Robinson Worldwide by 252.1% in the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company’s stock valued at $43,000 after buying an additional 300 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 value of $664,079.12. Following the sale, the insider directly owned 65,728 shares of the company’s stock, valued at $7,640,222.72. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction that occurred 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 owned 60,401 shares of the company’s stock, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,577 shares of company stock worth $1,714,544. Company insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.7%

C.H. Robinson Worldwide stock opened at $136.07 on Monday. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.13 and a beta of 0.87. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $118.31 and its two-hundred day moving average price is $103.30. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $138.00.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is 56.49%.

Analyst Ratings Changes

Several research firms recently commented on CHRW. Raymond James Financial set a $111.00 target price on C.H. Robinson Worldwide and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Robert W. Baird raised C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Thursday, July 31st. Bank of America increased their target price on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Barclays restated an “underweight” rating and issued a $95.00 price target (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. Finally, Wolfe Research raised C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.24.

C.H. Robinson Worldwide 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.