C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 45,583 shares of the transportation company's stock after purchasing an additional 5,354 shares during the period. Asset Management One Co. Ltd.'s holdings in C.H. Robinson Worldwide were worth $5,031,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CHRW. Quent Capital LLC increased its position in C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock valued at $26,000 after acquiring an additional 146 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company's stock valued at $26,000 after purchasing an additional 185 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth approximately $49,000. Eastern Bank acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at $55,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on CHRW. BMO Capital Markets raised their target price on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. Citigroup started coverage on C.H. Robinson Worldwide in a report on Wednesday, October 9th. They issued a "neutral" rating and a $115.00 price objective on the stock. The Goldman Sachs Group boosted their target price on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Robert W. Baird raised their price target on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. Finally, Evercore ISI upped their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $106.25.

C.H. Robinson Worldwide Price Performance

CHRW stock traded up $0.65 on Friday, reaching $108.56. The company had a trading volume of 933,091 shares, compared to its average volume of 1,316,013. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.42 and a current ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $113.10. The company's fifty day moving average is $106.00 and its 200 day moving average is $94.40. The company has a market cap of $12.83 billion, a P/E ratio of 37.56, a PEG ratio of 1.22 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.37 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be given a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.28%. C.H. Robinson Worldwide's dividend payout ratio is presently 85.81%.

C.H. Robinson Worldwide Company 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.