C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 46.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,100 shares of the transportation company's stock after selling 28,306 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in C.H. Robinson Worldwide were worth $2,773,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Penserra Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $30,000. Larson Financial Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $31,000. Pacific Center for Financial Services acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $34,000. Avior Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 71.4% during the 3rd quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company's stock worth $37,000 after acquiring an additional 177 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CHRW shares. Barclays reissued an "underweight" rating and set a $65.00 target price (down previously from $80.00) on shares of C.H. Robinson Worldwide in a research report on Monday, April 1st. Susquehanna raised their target price on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a "neutral" rating in a research report on Monday, March 25th. BMO Capital Markets cut their target price on C.H. Robinson Worldwide from $90.00 to $85.00 and set a "market perform" rating on the stock in a research report on Thursday, February 1st. Stifel Nicolaus lifted their price target on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. cut their price target on C.H. Robinson Worldwide from $75.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 9th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $81.21.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded up $1.35 during trading on Friday, reaching $71.22. The company had a trading volume of 1,570,637 shares, compared to its average volume of 1,595,208. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 3.54 and a beta of 0.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. The stock's fifty day moving average price is $72.92 and its 200 day moving average price is $80.01. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.30). The company had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide's payout ratio is currently 90.04%.

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.