C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,325 shares of the transportation company’s stock after purchasing an additional 884 shares during the quarter. Asset Management One Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $4,637,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. North Capital Inc. acquired a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $25,000. WPG Advisers LLC acquired a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $32,000. FNY Investment Advisers LLC acquired a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $38,000. National Pension Service boosted its position in C.H. Robinson Worldwide by 74.4% during the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after acquiring an additional 183 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in C.H. Robinson Worldwide by 203.4% during the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock worth $43,000 after acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the transaction, the insider directly owned 60,401 shares of the company’s stock, valued at $7,081,413.24. This trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,577 shares of company stock valued at $1,714,544 in the last ninety days. Corporate insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $128.07 on Wednesday. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $138.00. The company has a market capitalization of $15.12 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 1.79 and a beta of 0.90. 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’s fifty day moving average price is $129.66 and its 200 day moving average price is $109.50.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results 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 firm had revenue of $4.14 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 EPS. On average, research 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 56.49%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CHRW. Weiss Ratings restated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 8th. Barclays upgraded shares of C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $95.00 to $130.00 in a research report on Wednesday, October 1st. JPMorgan Chase & Co. increased their price target on shares of C.H. Robinson Worldwide from $126.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Raymond James Financial increased their price target on shares of C.H. Robinson Worldwide from $111.00 to $158.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company raised their target price on shares of C.H. Robinson Worldwide from $127.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $136.05.

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.