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

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,022 shares of the transportation company’s stock after purchasing an additional 445 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in C.H. Robinson Worldwide were worth $1,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV grew its stake in C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 185 shares in the last quarter. Quent Capital LLC boosted its stake in C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at $55,000. Peoples Bank KS acquired a new position in C.H. Robinson Worldwide in the third quarter valued at about $66,000. Finally, Sentry Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the first quarter worth about $49,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CHRW shares. TD Cowen lifted their target price on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Evercore ISI upped their price target on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $140.00 in a report on Friday, October 4th. Citigroup assumed coverage on C.H. Robinson Worldwide in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $115.00 price objective for the company. Finally, Baird R W raised C.H. Robinson Worldwide to a “hold” rating in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $100.29.

C.H. Robinson Worldwide Trading Down 0.7 %

Shares of C.H. Robinson Worldwide stock opened at $108.09 on Wednesday. The firm has a 50-day simple moving average of $104.42 and a two-hundred day simple moving average of $91.20. The company has a market cap of $12.66 billion, a P/E ratio of 42.72, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, September 6th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s dividend payout ratio is 98.02%.

C.H. Robinson Worldwide Company 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.