Mitsubishi UFJ Asset Management Co. Ltd. Has $25.77 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,706 shares of the transportation company’s stock after acquiring an additional 2,616 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $25,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CHRW. Korea Investment CORP grew its stake in shares of C.H. Robinson Worldwide by 23.3% in the 4th quarter. Korea Investment CORP now owns 60,852 shares of the transportation company’s stock valued at $6,287,000 after buying an additional 11,500 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $703,000. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of C.H. Robinson Worldwide by 9.8% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,827 shares of the transportation company’s stock valued at $7,421,000 after purchasing an additional 6,433 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of C.H. Robinson Worldwide by 2.2% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 107,544 shares of the transportation company’s stock worth $11,111,000 after purchasing an additional 2,309 shares during the period. Finally, Potentia Wealth acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth about $338,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CHRW shares. Barclays upped their price target on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Bank of America reduced their price target on shares of C.H. Robinson Worldwide from $122.00 to $119.00 and set a “buy” rating for the company in a report on Friday. TD Cowen boosted their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. BMO Capital Markets increased their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research note on Friday, December 13th. Finally, Raymond James lowered their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.89.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, the insider now owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock valued at $1,513,656 in the last 90 days. 1.47% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW opened at $101.13 on Monday. The firm has a market cap of $11.96 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company’s 50-day moving average price is $100.58 and its two-hundred day moving average price is $104.43. The company has a quick ratio of 1.49, a current ratio of 1.28 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping 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 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 dividend of $0.62 per share. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.45%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 64.42%.

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.