Mitsubishi UFJ Asset Management Co. Ltd. Sells 962 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mitsubishi UFJ Asset Management Co. Ltd. decreased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 187,942 shares of the transportation company’s stock after selling 962 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $16,415,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CHRW. Park Avenue Securities LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth approximately $345,000. Fifth Third Bancorp grew its holdings in shares of C.H. Robinson Worldwide by 23.5% in the third quarter. Fifth Third Bancorp now owns 4,502 shares of the transportation company’s stock worth $388,000 after acquiring an additional 856 shares during the period. Teacher Retirement System of Texas increased its position in C.H. Robinson Worldwide by 2.4% during the third quarter. Teacher Retirement System of Texas now owns 9,025 shares of the transportation company’s stock valued at $777,000 after acquiring an additional 213 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in C.H. Robinson Worldwide by 12.9% in the third quarter. Wealthfront Advisers LLC now owns 26,424 shares of the transportation company’s stock valued at $2,276,000 after acquiring an additional 3,016 shares during the period. Finally, New Mexico Educational Retirement Board boosted its position in C.H. Robinson Worldwide by 7.0% in the third quarter. New Mexico Educational Retirement Board now owns 6,079 shares of the transportation company’s stock worth $524,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.2 %

Shares of CHRW stock opened at $84.11 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 3.84 and a beta of 0.75. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $102.24. The stock’s 50-day moving average price is $74.75 and its 200-day moving average price is $79.08.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the company earned $0.98 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.62 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.90%. C.H. Robinson Worldwide’s payout ratio is currently 96.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Raymond James initiated coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday. They set a “market perform” rating for the company. TD Cowen increased their price target on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. BNP Paribas reaffirmed a “neutral” rating and issued a $76.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Finally, Barclays boosted their price target on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and an average price target of $82.60.

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.