Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,704 shares of the transportation company’s stock after purchasing 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 reporting period.

A number of other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its position in C.H. Robinson Worldwide by 19.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,127 shares of the transportation company’s stock valued at $11,128,000 after buying an additional 17,696 shares during the last quarter. Guidance Capital Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $910,000. E. Ohman J or Asset Management AB increased its stake in shares of C.H. Robinson Worldwide by 35.7% during the fourth quarter. E. Ohman J or Asset Management AB now owns 5,700 shares of the transportation company’s stock worth $589,000 after acquiring an additional 1,500 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in C.H. Robinson Worldwide by 3.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company’s stock worth $400,000 after purchasing an additional 131 shares in the last quarter. Finally, Oak Harvest Investment Services acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at about $310,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.4 %

C.H. Robinson Worldwide stock opened at $99.74 on Wednesday. The stock has a 50-day moving average price of $104.38 and a 200 day moving average price of $104.45. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82. The stock has a market cap of $11.79 billion, a PE ratio of 25.91, a P/E/G ratio of 1.12 and a beta of 0.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS 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%. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.49%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays boosted their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Robert W. Baird increased their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Friday, January 31st. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $118.00 to $130.00 in a report on Monday, December 9th. Finally, Citigroup decreased their price objective on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $117.17.

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.