SBI Okasan Asset Management Co.Ltd. Invests $1.84 Million in C.H. Robinson Worldwide, Inc. $CHRW

SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 11,200 shares of the transportation company’s stock, valued at approximately $1,836,000.

Several other large investors have also modified their holdings of the stock. Horizon Investments LLC lifted its holdings in shares of C.H. Robinson Worldwide by 3.1% during the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after acquiring an additional 58 shares during the period. Signaturefd LLC lifted its holdings in shares of C.H. Robinson Worldwide by 3.6% during the 4th quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after acquiring an additional 59 shares during the period. Brendel Financial Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2.2% during the 4th quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock worth $466,000 after acquiring an additional 61 shares during the period. Jones Financial Companies Lllp raised its holdings in C.H. Robinson Worldwide by 2.8% in the third quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock valued at $338,000 after buying an additional 69 shares during the period. Finally, Private Trust Co. NA raised its holdings in C.H. Robinson Worldwide by 7.1% in the fourth quarter. Private Trust Co. NA now owns 1,099 shares of the transportation company’s stock valued at $177,000 after buying an additional 73 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Down 0.6%

Shares of NASDAQ:CHRW opened at $175.41 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 52-week low of $92.36 and a 52-week high of $203.34. The company has a 50 day moving average of $172.63 and a two-hundred day moving average of $171.68. The company has a market capitalization of $20.68 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the company earned $1.17 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was down .9% on a year-over-year basis. As a group, analysts forecast 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 business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend 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 (DPR) is presently 51.01%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several research reports. Benchmark raised their price target on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. BMO Capital Markets restated a “market perform” rating and issued a $180.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. JPMorgan Chase & Co. raised their price target on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Seventeen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.61.

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.