Sumitomo Mitsui Trust Group Inc. Sells 5,252 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Sumitomo Mitsui Trust Group Inc. decreased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 285,111 shares of the transportation company’s stock after selling 5,252 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in C.H. Robinson Worldwide were worth $47,348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth about $25,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $27,000. DV Equities LLC bought a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $27,000. CYBER HORNET ETFs LLC bought a new position in C.H. Robinson Worldwide during the 2nd quarter worth approximately $30,000. Finally, Bayban acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $32,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock opened at $193.50 on Monday. The firm has a fifty day moving average of $180.76 and a 200-day moving average of $178.16. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 12-month low of $96.27 and a 12-month high of $203.34. The company has a market capitalization of $22.81 billion, a price-to-earnings ratio of 39.17, a P/E/G ratio of 1.67 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s payout ratio is 51.01%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen upped their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Citigroup upped their price objective on shares of C.H. Robinson Worldwide from $199.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird set a $230.00 price objective on C.H. Robinson Worldwide in a research note on Friday, May 1st. Finally, Wells Fargo & Company lifted their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Sixteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.57.

C.H. Robinson Worldwide 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.