Mirae Asset Global Investments Co. Ltd. Cuts Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 78.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,244 shares of the transportation company's stock after selling 83,883 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in C.H. Robinson Worldwide were worth $2,351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CHRW. Norges Bank bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $134,833,000. Raymond James Financial Inc. bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at $102,174,000. First Trust Advisors LP grew its position in shares of C.H. Robinson Worldwide by 163.6% during the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock valued at $124,625,000 after purchasing an additional 748,661 shares in the last quarter. Wellington Management Group LLP grew its position 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 valued at $299,582,000 after purchasing an additional 593,211 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of C.H. Robinson Worldwide by 7,706.1% during the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock valued at $46,578,000 after purchasing an additional 449,034 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CHRW shares. TD Cowen upped their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird started coverage on shares of C.H. Robinson Worldwide in a report on Tuesday, July 1st. They set a "neutral" rating and a $105.00 price target on the stock. Evercore ISI cut their price target on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Raymond James Financial cut their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, UBS Group cut their price target on shares of C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.50.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded down $1.30 during trading on Monday, reaching $96.73. 1,211,049 shares of the company's stock traded hands, compared to its average volume of 1,301,420. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $114.82. The company has a 50-day simple moving average of $94.82 and a 200-day simple moving average of $97.62. The firm has a market cap of $11.48 billion, a PE ratio of 23.14, a P/E/G ratio of 1.61 and a beta of 0.89.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the business earned $0.86 EPS. C.H. Robinson Worldwide's revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 59.33%.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, May 14th. The shares were 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. The trade was a 7.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is owned by company insiders.

C.H. Robinson Worldwide 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.