Mitsubishi UFJ Asset Management Co. Ltd. Purchases 18,237 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 7.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,943 shares of the transportation company's stock after buying an additional 18,237 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.22% of C.H. Robinson Worldwide worth $27,130,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at $377,000. Federated Hermes Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 11,722.0% in the 4th quarter. Federated Hermes Inc. now owns 38,658 shares of the transportation company's stock valued at $3,994,000 after purchasing an additional 38,331 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of C.H. Robinson Worldwide by 172.7% in the 4th quarter. Renaissance Technologies LLC now owns 152,708 shares of the transportation company's stock valued at $15,778,000 after purchasing an additional 96,700 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of C.H. Robinson Worldwide by 0.5% in the 4th quarter. Treasurer of the State of North Carolina now owns 52,424 shares of the transportation company's stock valued at $5,416,000 after purchasing an additional 260 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 57.3% in the 4th quarter. Sterling Capital Management LLC now owns 6,882 shares of the transportation company's stock valued at $711,000 after purchasing an additional 2,508 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Activity

In other 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 completion of the sale, the insider directly owned 60,401 shares in the company, valued at $7,081,413.24. This trade represents a 9.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Angela K. Freeman sold 5,713 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the sale, the insider owned 65,728 shares of the company's stock, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Trading Down 0.2%

NASDAQ:CHRW traded down $0.26 during trading hours on Friday, hitting $121.26. 289,186 shares of the company were exchanged, compared to its average volume of 1,326,116. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $122.05. The company has a fifty day simple moving average of $101.46 and a 200 day simple moving average of $98.13.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.16 billion. During the same period last year, the company posted $1.15 EPS. The business's quarterly revenue was down 7.7% on a year-over-year basis. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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. The ex-dividend date is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 2.0%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

Analysts Set New Price Targets

CHRW has been the topic of a number of research analyst reports. Wolfe Research raised C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a report on Tuesday, July 1st. Raymond James Financial set a $111.00 price target on C.H. Robinson Worldwide and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Baird R W upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. TD Securities increased their price target on 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. Finally, Bank of America increased their price target on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of "Moderate Buy" and an average price target 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.