C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 41.8% during the fourth quarter, Holdings Channel reports. The firm owned 91,273 shares of the transportation company’s stock after acquiring an additional 26,914 shares during the quarter. C.H. Robinson Worldwide makes up about 0.7% of Meiji Yasuda Asset Management Co Ltd.’s portfolio, making the stock its 27th largest holding. Meiji Yasuda Asset Management Co Ltd.’s holdings in C.H. Robinson Worldwide were worth $14,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHRW. Vermillion & White Wealth Management Group LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $27,000. CYBER HORNET ETFs LLC acquired a new position in C.H. Robinson Worldwide in the 2nd quarter valued at about $30,000. Clearstead Advisors LLC increased 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 acquiring an additional 128 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $34,000. Finally, MUFG Securities EMEA plc acquired a new position in C.H. Robinson Worldwide in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $200.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Citigroup raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and set a $199.00 price objective on the stock in a research note on Friday, May 15th. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Loop Capital set a $206.00 target price on C.H. Robinson Worldwide in a research report on Monday, February 2nd. Finally, UBS Group set a $160.00 target price on C.H. Robinson Worldwide in a research report on Thursday, January 29th. Eighteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.61.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $178.13 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $92.36 and a fifty-two week high of $203.34. The stock has a market cap of $21.00 billion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. The firm’s fifty day simple moving average is $172.25 and its 200-day simple moving average is $170.82.

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

C.H. Robinson Worldwide Announces Dividend

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