Resona Asset Management Co. Ltd. Lowers Stake in C.H. Robinson Worldwide, Inc. $CHRW

Resona Asset Management Co. Ltd. lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,719 shares of the transportation company’s stock after selling 5,046 shares during the quarter. Resona Asset Management Co. Ltd. owned approximately 0.05% of C.H. Robinson Worldwide worth $8,158,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CHRW. Arlington Trust Co LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at about $34,000. Quent Capital LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $37,000. CYBER HORNET ETFs LLC purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at about $30,000. MUFG Securities EMEA plc bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $34,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth approximately $38,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Up 0.8%

Shares of CHRW stock opened at $178.11 on Tuesday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $180.21. The firm has a market capitalization of $21.04 billion, a PE ratio of 36.13, a P/E/G ratio of 1.91 and a beta of 0.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59. The stock’s 50-day simple moving average is $163.67 and its 200-day simple moving average is $139.58.

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

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed 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 was Friday, December 5th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.12%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 65,728 shares of the company’s stock, valued at $9,840,138.88. The trade was a 43.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael John Short sold 2,390 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $161.91, for a total value of $386,964.90. Following the completion of the sale, the insider owned 55,158 shares in the company, valued at $8,930,631.78. The trade was a 4.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 98,770 shares of company stock worth $14,937,201 over the last three months. Company insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CHRW shares. The Goldman Sachs Group restated a “neutral” rating and issued a $149.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. TD Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a report on Friday, January 9th. Benchmark restated a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Barclays upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $145.00 to $200.00 in a research note on Tuesday, December 16th. Finally, Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Fifteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.70.

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.