Resona Asset Management Co. Ltd. Takes $5.83 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Resona Asset Management Co. Ltd. bought a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 56,299 shares of the transportation company's stock, valued at approximately $5,828,000.

A number of other institutional investors have also modified their holdings of the stock. National Pension Service purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $25,000. Proficio Capital Partners LLC purchased a new stake in C.H. Robinson Worldwide in the fourth quarter valued at $33,000. Missouri Trust & Investment Co purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $41,000. Mainstream Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at about $41,000. Finally, Quarry LP boosted its stake in shares of C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company's stock worth $43,000 after buying an additional 171 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on CHRW shares. Raymond James decreased their price objective on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a report on Friday. Bank of America reduced their price target on C.H. Robinson Worldwide from $122.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, Truist Financial assumed coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a "buy" rating and a $115.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $117.20.

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C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW traded up $0.95 on Monday, reaching $92.21. 85,325 shares of the company were exchanged, compared to its average volume of 1,414,196. 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 company has a 50-day moving average of $97.96 and a 200-day moving average of $103.57. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.16 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (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%. Equities 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 was paid on Tuesday, April 1st. Investors of record on Friday, March 7th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.69%. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.

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.