C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 246,706 shares of the transportation company’s stock after purchasing an additional 2,616 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of C.H. Robinson Worldwide worth $25,766,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Cerity Partners LLC raised its stake in C.H. Robinson Worldwide by 39.8% during the third quarter. Cerity Partners LLC now owns 22,854 shares of the transportation company’s stock valued at $2,522,000 after buying an additional 6,507 shares in the last quarter. FMR LLC raised its position in shares of C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after acquiring an additional 2,449,367 shares in the last quarter. D.A. Davidson & CO. lifted its stake in C.H. Robinson Worldwide by 7.1% during the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after purchasing an additional 443 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in C.H. Robinson Worldwide by 11.1% in the third quarter. Glenmede Trust Co. NA now owns 7,760 shares of the transportation company’s stock worth $856,000 after purchasing an additional 774 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $1,021,000. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of several research reports. Barclays lifted their price target on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 17th. BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th. Citigroup cut their price target on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Stephens reaffirmed an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Finally, Robert W. Baird boosted their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.89.

Insider Activity at C.H. Robinson Worldwide

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

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $101.13 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $100.58 and a 200-day moving average of $104.43. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio 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.