Asset Management One Co. Ltd. Has $4.86 Million Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Asset Management One Co. Ltd. raised its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,441 shares of the transportation company’s stock after buying an additional 1,457 shares during the period. Asset Management One Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $4,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in C.H. Robinson Worldwide by 2.4% in the fourth quarter. Parallel Advisors LLC now owns 4,290 shares of the transportation company’s stock valued at $443,000 after buying an additional 102 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake in C.H. Robinson Worldwide by 0.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company’s stock valued at $1,483,000 after buying an additional 112 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in C.H. Robinson Worldwide by 31.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company’s stock valued at $49,000 after buying an additional 116 shares during the period. First Citizens Bank & Trust Co. increased its stake in shares of C.H. Robinson Worldwide by 0.9% during the first quarter. First Citizens Bank & Trust Co. now owns 15,422 shares of the transportation company’s stock worth $1,579,000 after purchasing an additional 131 shares during the period. Finally, Pflug Koory LLC increased its stake in shares of C.H. Robinson Worldwide by 3.3% during the first quarter. Pflug Koory LLC now owns 4,379 shares of the transportation company’s stock worth $448,000 after purchasing an additional 140 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $96.66 on Friday. C.H. Robinson Worldwide, Inc. has a one year low of $84.24 and a one year high of $114.82. The stock’s fifty day moving average price is $93.92 and its two-hundred day moving average price is $98.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $11.48 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.58 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the company posted $0.86 EPS. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be paid a $0.62 dividend. The ex-dividend date is Friday, June 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.57%. C.H. Robinson Worldwide’s payout ratio is 59.33%.

Insider Activity

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider now owns 71,441 shares in the company, valued at approximately $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Bank of America increased their target price on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. TD Securities increased their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. Citigroup lowered their target price on C.H. Robinson Worldwide from $124.00 to $116.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on C.H. Robinson Worldwide from $126.00 to $118.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Finally, Truist Financial assumed coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They set a “buy” rating and a $115.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $114.52.

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.