Resona Asset Management Co. Ltd. Has $6.19 Million Position in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Resona Asset Management Co. Ltd. increased its stake in C.H. Robinson Worldwide by 7.9% in Q1, now owning 60,719 shares valued at approximately $6.19 million.
• C.H. Robinson recently reported earnings of $1.29 per share, exceeding estimates, though revenue fell 7.7% year-over-year to $4.14 billion.
• The company declared a quarterly dividend of $0.62 per share, with a 2.0% annual yield, to be paid on October 2nd.

Resona Asset Management Co. Ltd. raised its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 7.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,719 shares of the transportation company's stock after purchasing an additional 4,420 shares during the quarter. Resona Asset Management Co. Ltd. owned 0.05% of C.H. Robinson Worldwide worth $6,189,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in C.H. Robinson Worldwide by 4.9% during the first quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company's stock worth $15,248,000 after purchasing an additional 6,889 shares during the last quarter. Amalgamated Bank increased its holdings in C.H. Robinson Worldwide by 1.9% during the 1st quarter. Amalgamated Bank now owns 23,098 shares of the transportation company's stock valued at $2,365,000 after acquiring an additional 432 shares in the last quarter. Assenagon Asset Management S.A. raised its position in C.H. Robinson Worldwide by 4.1% during the first quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company's stock worth $877,000 after acquiring an additional 340 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth about $206,000. Finally, M&T Bank Corp raised its position in shares of C.H. Robinson Worldwide by 1.7% in the first quarter. M&T Bank Corp now owns 8,713 shares of the transportation company's stock valued at $892,000 after buying an additional 144 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Michael John Short sold 6,364 shares of the company'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 completion of the sale, the insider owned 60,401 shares in the company, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 5,713 shares of the business'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 transaction, the insider owned 65,728 shares of the company's stock, valued at $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. 0.91% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded up $0.67 during trading hours on Tuesday, reaching $123.64. The stock had a trading volume of 362,188 shares, compared to its average volume of 1,326,026. The company has a market cap of $14.60 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.91 and a beta of 0.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $124.94. The business's fifty day moving average is $102.51 and its two-hundred day moving average is $98.29.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.16 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. C.H. Robinson Worldwide's quarterly revenue was down 7.7% 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 year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 56.49%.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Susquehanna reissued a "positive" rating and issued a $120.00 price objective (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, June 24th. TD Cowen raised their target price on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Citigroup increased their price target on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company lifted their target price on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. One 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 given a Sell rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average target price of $116.33.

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.