C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 22.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 4,677 shares of the transportation company’s stock after selling 1,354 shares during the quarter. Global X Japan Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $516,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in C.H. Robinson Worldwide by 13,682.5% in the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after buying an additional 2,643,193 shares during the period. First Eagle Investment Management LLC increased its stake in shares of C.H. Robinson Worldwide by 21.1% in the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after acquiring an additional 2,003,158 shares during the period. Interval Partners LP purchased a new position in shares of C.H. Robinson Worldwide during the second quarter worth $82,581,000. Pzena Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the first quarter worth $66,474,000. Finally, Point72 Asset Management L.P. acquired a new position in C.H. Robinson Worldwide during the second quarter valued at $69,378,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $108.09 on Wednesday. The company has a market cap of $12.66 billion, a P/E ratio of 42.72, a P/E/G ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The company’s 50-day moving average price is $104.61 and its 200-day moving average price is $91.46. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were issued a $0.62 dividend. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 98.02%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHRW. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Barclays lifted their price target on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. Susquehanna upped their price objective on C.H. Robinson Worldwide from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. The Goldman Sachs Group lifted their target price on shares of C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus target price of $100.29.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.