C.H. Robinson Worldwide, Inc. $CHRW Stake Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,248 shares of the transportation company’s stock after acquiring an additional 12,838 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.25% of C.H. Robinson Worldwide worth $39,091,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearstead Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Arlington Trust Co LLC acquired a new position in C.H. Robinson Worldwide in the third quarter worth approximately $34,000. Quent Capital LLC bought a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $37,000. CYBER HORNET ETFs LLC acquired a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. Finally, MUFG Securities EMEA plc bought a new stake in C.H. Robinson Worldwide in the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.6%

Shares of C.H. Robinson Worldwide stock opened at $185.25 on Friday. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $203.34. The company’s fifty day simple moving average is $178.11 and its 200-day simple moving average is $153.03. The company has a market cap of $21.97 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 1.95 and a beta of 0.90. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.12 by $0.11. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 EPS. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.17%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Arun Rajan acquired 605 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 12th. The stock was bought at an average price of $167.11 per share, for a total transaction of $101,101.55. Following the transaction, the insider owned 133,656 shares of the company’s stock, valued at $22,335,254.16. The trade was a 0.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael John Short sold 6,368 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the sale, the insider owned 52,101 shares in the company, valued at approximately $10,487,931.30. This represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. 1.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $149.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, January 14th. Truist Financial raised their target price on C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, January 29th. TD Cowen upped their price target on C.H. Robinson Worldwide from $165.00 to $194.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Wells Fargo & Company increased their price objective on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Finally, Raymond James Financial restated an “outperform” rating and issued a $215.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.29.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.