Meiji Yasuda Asset Management Co Ltd. Buys 2,309 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,544 shares of the transportation company’s stock after purchasing an additional 2,309 shares during the quarter. Meiji Yasuda Asset Management Co Ltd. owned 0.09% of C.H. Robinson Worldwide worth $11,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Potentia Wealth bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $338,000. Vanguard Group Inc. raised its holdings in C.H. Robinson Worldwide by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company’s stock valued at $1,501,774,000 after buying an additional 251,943 shares during the last quarter. Stevens Capital Management LP bought a new position in C.H. Robinson Worldwide in the 4th quarter valued at approximately $1,064,000. LPL Financial LLC grew its holdings in C.H. Robinson Worldwide by 5.8% during the 4th quarter. LPL Financial LLC now owns 55,648 shares of the transportation company’s stock worth $5,750,000 after acquiring an additional 3,047 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at approximately $6,767,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Up 0.5 %

Shares of NASDAQ:CHRW opened at $100.48 on Tuesday. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 1.16 and a beta of 0.83. The business’s 50 day moving average is $100.73 and its 200 day moving average is $104.41. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82. 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 (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Analysts Set New Price Targets

A number of research firms have weighed in on CHRW. Benchmark reissued a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Friday, January 31st. Citigroup lowered their price objective on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Stephens restated an “equal weight” rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Finally, Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $118.00 to $130.00 in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.65.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide 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 completion of the sale, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,048 shares of company stock worth $1,513,656. Insiders own 1.47% of the company’s stock.

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.