Tokio Marine Asset Management Co. Ltd. lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) by 6.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,231 shares of the transportation company’s stock after acquiring an additional 137 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $204,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Vision Capital Management Inc. raised its position in C.H. Robinson Worldwide by 0.6% in the 3rd quarter. Vision Capital Management Inc. now owns 17,291 shares of the transportation company’s stock worth $1,665,000 after purchasing an additional 107 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of C.H. Robinson Worldwide by 0.8% in the third quarter. Nisa Investment Advisors LLC now owns 15,397 shares of the transportation company’s stock worth $1,483,000 after buying an additional 115 shares during the period. First Republic Investment Management Inc. lifted its stake in shares of C.H. Robinson Worldwide by 0.8% in the 1st quarter. First Republic Investment Management Inc. now owns 15,472 shares of the transportation company’s stock valued at $1,666,000 after acquiring an additional 116 shares during the last quarter. Palisade Asset Management LLC boosted its holdings in C.H. Robinson Worldwide by 0.3% during the 3rd quarter. Palisade Asset Management LLC now owns 48,297 shares of the transportation company’s stock valued at $4,651,000 after acquiring an additional 160 shares during the period. Finally, Private Trust Co. NA grew its position in C.H. Robinson Worldwide by 16.6% during the 3rd quarter. Private Trust Co. NA now owns 1,204 shares of the transportation company’s stock worth $116,000 after acquiring an additional 171 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
CHRW has been the subject of several recent research reports. The Goldman Sachs Group downgraded C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $102.00 to $93.00 in a research report on Tuesday, January 10th. Stifel Nicolaus cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and reduced their price target for the stock from $107.00 to $99.00 in a research note on Friday, February 3rd. Morgan Stanley initiated coverage on shares of C.H. Robinson Worldwide in a report on Thursday, February 2nd. They set a “sell” rating and a $64.00 target price on the stock. Cowen lowered shares of C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $106.00 to $91.00 in a research note on Thursday, January 5th. Finally, StockNews.com started coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $97.46.
Insider Activity at C.H. Robinson Worldwide
C.H. Robinson Worldwide Trading Down 0.5 %
Shares of C.H. Robinson Worldwide stock opened at $92.67 on Monday. The firm has a market capitalization of $10.65 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 2.77 and a beta of 0.79. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.68. The firm’s 50 day simple moving average is $99.62 and its two-hundred day simple moving average is $96.75. C.H. Robinson Worldwide, Inc. has a 12-month low of $86.60 and a 12-month high of $121.23.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last announced its quarterly earnings data on Wednesday, February 1st. The transportation company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.32). C.H. Robinson Worldwide had a return on equity of 54.06% and a net margin of 3.82%. The firm had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter in the previous year, the business earned $1.74 earnings per share. The company’s revenue for the quarter was down 22.1% compared to the same quarter last year. Analysts predict that C.H. Robinson Worldwide, Inc. will post 4.57 EPS for the current year.
C.H. Robinson Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Friday, March 3rd were issued a dividend of $0.61 per share. The ex-dividend date was Thursday, March 2nd. This represents a $2.44 annualized dividend and a dividend yield of 2.63%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 33.42%.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.
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