Rakuten Investment Management Inc. Makes New $2.98 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Rakuten Investment Management Inc. bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 22,520 shares of the transportation company’s stock, valued at approximately $2,982,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of C.H. Robinson Worldwide by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company’s stock worth $1,404,989,000 after acquiring an additional 56,549 shares in the last quarter. State Street Corp lifted its stake in C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock worth $716,423,000 after purchasing an additional 397,177 shares during the last quarter. Boston Partners boosted its holdings in shares of C.H. Robinson Worldwide by 53.0% in the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after purchasing an additional 1,218,968 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of C.H. Robinson Worldwide by 5.1% in the 2nd quarter. Invesco Ltd. now owns 2,402,945 shares of the transportation company’s stock valued at $230,563,000 after purchasing an additional 117,222 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of C.H. Robinson Worldwide by 78.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock valued at $193,219,000 after purchasing an additional 884,160 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.7%

CHRW opened at $176.66 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.59 and a quick ratio of 1.59. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $180.21. The company’s 50 day moving average price is $163.16 and its two-hundred day moving average price is $138.48. The firm has a market capitalization of $20.87 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 1.93 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. C.H. Robinson Worldwide’s revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is currently 51.12%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. BMO Capital Markets reaffirmed a “market perform” rating and issued a $140.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Citigroup increased their target price on shares of C.H. Robinson Worldwide from $163.00 to $177.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. UBS Group increased their price objective on shares of C.H. Robinson Worldwide from $177.00 to $224.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $188.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 8th. Fifteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.70.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total value of $7,468,133.64. Following the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. The trade was a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 45,266 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the sale, the insider directly owned 34,046 shares of the company’s stock, valued at $5,164,778.20. This represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 98,770 shares of company stock worth $14,937,201 over the last ninety days. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.