Sumitomo Mitsui Trust Group Inc. Sells 13,502 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sumitomo Mitsui Trust Group Inc. lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,814 shares of the transportation company's stock after selling 13,502 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of C.H. Robinson Worldwide worth $34,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. QRG Capital Management Inc. boosted its stake in shares of C.H. Robinson Worldwide by 0.9% during the 3rd quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company's stock worth $1,230,000 after acquiring an additional 98 shares in the last quarter. Cascade Investment Advisors Inc. boosted its stake in shares of C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company's stock worth $1,652,000 after acquiring an additional 105 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company's stock worth $27,000 after acquiring an additional 111 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of C.H. Robinson Worldwide by 3.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock worth $400,000 after acquiring an additional 131 shares in the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in shares of C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company's stock worth $717,000 after acquiring an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of the company's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. This represents a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded up $0.87 during mid-day trading on Friday, hitting $99.49. The stock had a trading volume of 853,960 shares, compared to its average volume of 1,187,270. The firm has a market cap of $11.76 billion, a P/E ratio of 25.84, a PEG ratio of 1.12 and a beta of 0.82. The business has a fifty day moving average price of $103.91 and a 200-day moving average price of $104.54. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $114.82.

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 the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide's payout ratio is currently 64.42%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHRW. Bank of America cut their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. BMO Capital Markets upped their price target 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. Robert W. Baird upped their price target 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. TD Cowen upped their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a "hold" rating in a report on Friday, December 13th. Finally, Raymond James cut their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of "Hold" and an average price target of $117.17.

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.