Daiwa Securities Group Inc. Boosts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Daiwa Securities Group Inc. boosted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,552 shares of the transportation company’s stock after purchasing an additional 1,138 shares during the period. Daiwa Securities Group Inc.’s holdings in C.H. Robinson Worldwide were worth $1,607,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CHRW. Venturi Wealth Management LLC lifted its position in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares in the last quarter. Entropy Technologies LP bought a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $210,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in C.H. Robinson Worldwide by 1.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 344,316 shares of the transportation company’s stock valued at $38,002,000 after purchasing an additional 3,436 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of C.H. Robinson Worldwide by 62.3% in the third quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock worth $3,549,000 after purchasing an additional 12,348 shares during the period. Finally, Huntington National Bank increased its stake in shares of C.H. Robinson Worldwide by 121.9% in the third quarter. Huntington National Bank now owns 901 shares of the transportation company’s stock worth $99,000 after purchasing an additional 495 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

CHRW has been the topic of a number of analyst reports. Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research note on Thursday, January 30th. Stephens restated an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Barclays upped their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. TD Cowen lifted their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, BMO Capital Markets upped their price target on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.65.

C.H. Robinson Worldwide Stock Up 2.1 %

Shares of NASDAQ CHRW opened at $98.38 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. The firm’s 50-day moving average price is $101.13 and its 200-day moving average price is $104.54. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be given a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.52%. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the transaction, the insider now owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,048 shares of company stock valued at $1,513,656 over the last three months. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Profile

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.