Nomura Asset Management Co. Ltd. Sells 89,707 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Nomura Asset Management Co. Ltd. lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 19.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 360,357 shares of the transportation company’s stock after selling 89,707 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $57,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $27,000. CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $30,000. 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. Measured Wealth Private Client Group LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $34,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $34,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $178.65 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The stock’s fifty day moving average price is $172.79 and its two-hundred day moving average price is $171.87. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 36.16, a P/E/G ratio of 1.54 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm posted $1.17 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Loop Capital set a $206.00 target price on C.H. Robinson Worldwide in a report on Monday, February 2nd. TD Cowen boosted their target price on C.H. Robinson Worldwide from $194.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Jefferies Financial Group raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $200.00 in a report on Wednesday, May 20th. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a report on Friday, May 1st. Finally, Barclays boosted their target price on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.61.

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.