Resona Asset Management Co. Ltd. Makes New $5.83 Million Investment in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Resona Asset Management Co. Ltd. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, Holdings Channel reports. The firm bought 56,299 shares of the transportation company’s stock, valued at approximately $5,828,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in C.H. Robinson Worldwide by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company’s stock worth $1,501,774,000 after acquiring an additional 251,943 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of C.H. Robinson Worldwide by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company’s stock valued at $428,554,000 after purchasing an additional 191,611 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of C.H. Robinson Worldwide by 2.1% in 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 period. Van ECK Associates Corp boosted its stake in shares of C.H. Robinson Worldwide by 92,841.1% during the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock valued at $310,742,000 after purchasing an additional 3,004,338 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in C.H. Robinson Worldwide by 25.7% during the fourth quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company’s stock valued at $299,582,000 after buying an additional 593,211 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $86.96 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The business has a fifty day moving average of $98.59 and a 200 day moving average of $104.02. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.85%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CHRW shares. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Friday, January 31st. Bank of America decreased their price objective on C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Truist Financial assumed coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a “buy” rating and a $115.00 target price on the stock. StockNews.com lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Raymond James cut their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.47.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. The trade was a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now owns 77,027 shares in the company, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

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.