C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 32.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,536 shares of the transportation company's stock after buying an additional 3,832 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in C.H. Robinson Worldwide were worth $1,591,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company's stock worth $1,501,774,000 after purchasing an additional 251,943 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company's stock worth $326,549,000 after purchasing an additional 64,019 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of C.H. Robinson Worldwide by 25.7% during the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock worth $299,582,000 after purchasing an additional 593,211 shares during the last quarter. FMR LLC boosted its holdings in shares of C.H. Robinson Worldwide by 11.1% during the 4th quarter. FMR LLC now owns 2,842,962 shares of the transportation company's stock worth $293,735,000 after purchasing an additional 285,171 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of C.H. Robinson Worldwide by 0.9% during the 4th quarter. Invesco Ltd. now owns 2,109,349 shares of the transportation company's stock worth $217,938,000 after purchasing an additional 18,856 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider owned 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Trading Up 1.7%

NASDAQ CHRW traded up $1.60 on Tuesday, reaching $98.33. The stock had a trading volume of 1,216,746 shares, compared to its average volume of 1,302,114. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.24 and a 12-month high of $114.82. The stock has a fifty day moving average price of $95.02 and a two-hundred day moving average price of $97.63. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.58 and a beta of 0.89.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The company's revenue was down 8.3% on a year-over-year basis. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CHRW shares. TD Cowen boosted their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. TD Securities boosted their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Barclays lowered their target price on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. UBS Group decreased their price objective on C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating on the stock in a report on Thursday, July 3rd. Finally, Truist Financial began coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a "buy" rating and a $115.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average target price of $113.64.

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.