C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,704 shares of the transportation company’s stock after acquiring an additional 682 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in C.H. Robinson Worldwide were worth $1,209,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CHRW. Venturi Wealth Management LLC increased its position in C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after purchasing an additional 111 shares in the last quarter. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth $41,000. Quarry LP raised its stake in shares of C.H. Robinson Worldwide by 76.7% in the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 171 shares during the period. Brooklyn Investment Group boosted its position in C.H. Robinson Worldwide by 213.5% during the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after purchasing an additional 316 shares during the period. Finally, Eastern Bank acquired a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $54,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $99.74 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.12 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The business has a 50 day simple moving average of $104.38 and a 200-day simple moving average of $104.45.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.49%. C.H. Robinson Worldwide’s payout ratio is currently 64.42%.

Insider Activity

In related news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of recent research reports. Raymond James reduced their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Friday, January 31st. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. BMO Capital Markets upped their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Finally, Robert W. Baird lifted their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus target price of $117.17.

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.