MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in C.H. Robinson Worldwide by 118.5%, owning 33,905 shares worth approximately $3.47 million after acquiring an additional 18,390 shares in the first quarter.
• Insiders sold a total of 14,577 shares of C.H. Robinson stock in the last three months, with notable transactions from insiders Arun Rajan and Angela K. Freeman.
• The company reported $1.29 EPS for the last quarter, exceeding estimates, yet revenue declined by 7.7% year-over-year, indicating potential challenges despite the earnings beat.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 118.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,905 shares of the transportation company's stock after buying an additional 18,390 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in C.H. Robinson Worldwide were worth $3,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of C.H. Robinson Worldwide by 2.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,978 shares of the transportation company's stock worth $407,000 after purchasing an additional 105 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of C.H. Robinson Worldwide by 0.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,272 shares of the transportation company's stock worth $1,483,000 after purchasing an additional 112 shares during the last quarter. Deseret Mutual Benefit Administrators raised its stake in shares of C.H. Robinson Worldwide by 5.5% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,181 shares of the transportation company's stock worth $223,000 after purchasing an additional 114 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of C.H. Robinson Worldwide by 31.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after purchasing an additional 116 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT raised its stake in shares of C.H. Robinson Worldwide by 1.9% during the first quarter. Alliance Wealth Advisors LLC UT now owns 6,471 shares of the transportation company's stock worth $663,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on CHRW. Robert W. Baird upgraded C.H. Robinson Worldwide from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a research note on Thursday, July 31st. Barclays reiterated an "underweight" rating and issued a $95.00 price objective (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Wells Fargo & Company increased their price objective on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Bank of America increased their price objective on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. increased their price objective on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.24.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,364 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the sale, the insider directly owned 60,401 shares of the company's stock, valued at approximately $7,081,413.24. This trade represents a 9.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 5,713 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider directly owned 65,728 shares in the company, valued at approximately $7,640,222.72. The trade was a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,577 shares of company stock valued at $1,714,544. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $2.00 during trading hours on Thursday, reaching $137.09. 1,809,250 shares of the company traded hands, compared to its average volume of 1,515,224. The stock has a fifty day simple moving average of $117.58 and a 200 day simple moving average of $102.96. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $137.91. The stock has a market capitalization of $16.19 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.12 and a beta of 0.87.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the company earned $1.15 EPS. The firm's quarterly revenue was down 7.7% on a year-over-year basis. As a group, research analysts predict 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 Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 56.49%.

About C.H. Robinson Worldwide

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.