350,058 C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2,168.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 366,201 shares of the transportation company’s stock after purchasing an additional 350,058 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in C.H. Robinson Worldwide were worth $54,183,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vann Equity Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at $641,000. CWS Financial Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at $1,352,000. Argent Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the first quarter valued at $5,017,000. Cravens & Co Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter valued at $1,242,000. Finally, Birch Hill Investment Advisors LLC bought a new position in C.H. Robinson Worldwide in the third quarter valued at about $809,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $138.85 on Tuesday. The stock has a market cap of $16.22 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.35 and a 1 year high of $210.33. The stock’s 50-day moving average price is $147.01 and its two-hundred day moving average price is $167.70. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 EPS. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. C.H. Robinson Worldwide’s payout ratio is currently 48.09%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price objective for the company. Evercore set a $217.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $170.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday. Finally, Stephens reduced their target price on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $190.00.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.