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

Mitsubishi UFJ Asset Management Co. Ltd. lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 280,703 shares of the transportation company’s stock after selling 14,545 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $45,957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $460,000. Mairs & Power Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 0.7% in the 3rd quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock valued at $115,153,000 after buying an additional 6,188 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $937,000. Jones Kertz & Associates Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $1,557,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 8,726.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock valued at $2,341,000 after buying an additional 17,452 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 8,579 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $200.52, for a total value of $1,720,261.08. Following the completion of the transaction, the insider owned 55,611 shares of the company’s stock, valued at approximately $11,151,117.72. This represents a 13.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Arun Rajan purchased 605 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average cost of $167.11 per share, with a total value of $101,101.55. Following the acquisition, the insider directly owned 133,656 shares in the company, valued at $22,335,254.16. This trade represents a 0.45% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 2,422 shares of company stock worth $400,801 in the last ninety days. 0.37% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $171.39 on Friday. The stock has a market capitalization of $20.20 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 1.71 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $88.65 and a twelve month high of $203.34. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average of $175.07 and a 200 day moving average of $168.24.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released 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 company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.C.H. Robinson Worldwide’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.07 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm 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 of this dividend is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CHRW. Weiss Ratings raised C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Barclays boosted their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Benchmark boosted their price objective on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Stifel Nicolaus boosted their price objective on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 1st. Sixteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.27.

C.H. Robinson Worldwide 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.