Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mirae Asset Global Investments Co. Ltd. increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,127 shares of the transportation company's stock after acquiring an additional 17,696 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.09% of C.H. Robinson Worldwide worth $11,128,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. QRG Capital Management Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock valued at $1,230,000 after acquiring an additional 98 shares in the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of C.H. Robinson Worldwide by 0.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock valued at $1,652,000 after acquiring an additional 105 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in C.H. Robinson Worldwide by 83.5% in the third 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 during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in C.H. Robinson Worldwide by 3.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock valued at $400,000 after buying an additional 131 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in C.H. Robinson Worldwide by 2.3% in the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock valued at $717,000 after buying an additional 144 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded up $2.89 during midday trading on Monday, reaching $99.48. 603,097 shares of the company were exchanged, compared to its average volume of 1,130,878. 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 1 year low of $65.00 and a 1 year high of $114.82. The stock has a fifty day simple moving average of $104.67 and a 200 day simple moving average of $104.31. The stock has a market cap of $11.76 billion, a P/E ratio of 25.82, a PEG ratio of 1.12 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating 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, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed 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 2.49%. C.H. Robinson Worldwide's payout ratio is currently 64.42%.

Wall Street Analyst Weigh In

CHRW has been the topic of several recent analyst reports. Stifel Nicolaus raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price on the stock in a report on Friday, January 31st. Bank of America dropped their target price on C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. JPMorgan Chase & Co. dropped their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Barclays increased their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an "underweight" rating in a report on Friday, January 17th. Finally, Robert W. Baird increased their target price on 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 investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $117.17.

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.