Rakuten Investment Management Inc. Takes $2.98 Million Position in C.H. Robinson Worldwide, Inc. $CHRW

Rakuten Investment Management Inc. bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,520 shares of the transportation company’s stock, valued at approximately $2,982,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $118,976,000. Boston Partners increased its holdings in C.H. Robinson Worldwide by 53.0% during the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock worth $340,646,000 after buying an additional 1,218,968 shares during the last quarter. Bank of New York Mellon Corp raised its position in C.H. Robinson Worldwide by 78.3% during the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock worth $193,219,000 after acquiring an additional 884,160 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in C.H. Robinson Worldwide by 119.6% in the second quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock valued at $76,169,000 after acquiring an additional 432,406 shares during the last quarter. Finally, State Street Corp grew its position in shares of C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after acquiring an additional 397,177 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CHRW. Robert W. Baird set a $175.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, January 7th. Citigroup upped their price objective on C.H. Robinson Worldwide from $163.00 to $177.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Benchmark reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $149.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.70.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 2,390 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $161.91, for a total transaction of $386,964.90. Following the transaction, the insider owned 55,158 shares in the company, valued at $8,930,631.78. This trade represents a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the completion of the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 98,770 shares of company stock valued at $14,937,201. 1.47% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide Stock Down 0.7%

CHRW stock opened at $176.66 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $180.21. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $20.87 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 1.93 and a beta of 0.91. The business’s fifty day moving average price is $163.16 and its two-hundred day moving average price is $138.48.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the business posted $1.28 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 10.9% on a year-over-year basis. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, December 5th. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.12%.

About C.H. Robinson Worldwide

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.