Resona Asset Management Co. Ltd. Decreases Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Resona Asset Management Co. Ltd. trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,666 shares of the transportation company’s stock after selling 6,053 shares during the period. Resona Asset Management Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $9,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter worth $27,000. Western Pacific Wealth Management LP purchased a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $36,000. Clearstead Advisors LLC boosted its position in C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after buying an additional 128 shares during the last quarter. Park Place Capital Corp purchased a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $39,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $34,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CHRW. Truist Financial upped their price objective on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Evercore upped their price objective on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Loop Capital set a $206.00 price objective on shares of C.H. Robinson Worldwide in a research report on Monday, February 2nd. Bank of America decreased their price objective on shares of C.H. Robinson Worldwide from $225.00 to $219.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Finally, Weiss Ratings raised shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Eighteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average target price of $192.61.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $178.13 on Friday. The company has a market cap of $21.00 billion, a PE ratio of 36.06, a P/E/G ratio of 1.56 and a beta of 0.94. The company has a fifty day moving average price of $172.25 and a two-hundred day moving average price of $170.82. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. C.H. Robinson Worldwide, Inc. has a 12 month low of $92.36 and a 12 month high of $203.34.

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

C.H. Robinson Worldwide Dividend Announcement

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

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.