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

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 32.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,536 shares of the transportation company's stock after acquiring 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 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of 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 valued at $877,000 after acquiring an additional 340 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $206,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company's stock valued at $2,573,000 after purchasing an additional 589 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 3.2% in the first quarter. Asset Management One Co. Ltd. now owns 47,441 shares of the transportation company's stock valued at $4,858,000 after purchasing an additional 1,457 shares during the period. Finally, CX Institutional purchased a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $92,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CHRW. Barclays lowered their price objective on shares of C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Citigroup lowered their price objective on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Susquehanna reiterated a "positive" rating and set a $120.00 price target (up previously from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Finally, Wells Fargo & Company lowered their price target on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus target price of $113.50.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider directly owned 71,441 shares of the company's stock, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Down 1.2%

Shares of NASDAQ:CHRW opened at $97.96 on Friday. The company has a market capitalization of $11.63 billion, a PE ratio of 23.44, a P/E/G ratio of 1.61 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.24 and a twelve month high of $114.82. The firm has a 50 day simple moving average of $94.67 and a 200-day simple moving average of $97.79.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.15. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The company's revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.53%. C.H. Robinson Worldwide's payout ratio is 59.33%.

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.

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