C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,608 shares of the transportation company’s stock after buying an additional 6,524 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $5,344,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Penserra Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $30,000. Ellevest Inc. raised its stake in shares of C.H. Robinson Worldwide by 67.6% during the 1st quarter. Ellevest Inc. now owns 290 shares of the transportation company’s stock worth $31,000 after buying an additional 117 shares during the period. Parkside Financial Bank & Trust raised its stake in C.H. Robinson Worldwide by 169.9% in the 1st quarter. Parkside Financial Bank & Trust now owns 467 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 294 shares during the last quarter. Engine Capital Management LP acquired a new position in C.H. Robinson Worldwide in the 1st quarter valued at $54,000. Finally, Steward Partners Investment Advisory LLC raised its stake in C.H. Robinson Worldwide by 37.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,101 shares of the transportation company’s stock valued at $119,000 after purchasing an additional 301 shares during the last quarter. 92.16% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $100.34 on Friday. The stock has a market cap of $12.43 billion, a PE ratio of 12.07, a P/E/G ratio of 1.30 and a beta of 0.73. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.78. C.H. Robinson Worldwide, Inc. has a twelve month low of $85.80 and a twelve month high of $121.23. The stock has a fifty day simple moving average of $110.32 and a 200-day simple moving average of $106.11.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last announced its earnings results on Wednesday, July 27th. The transportation company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.79. C.H. Robinson Worldwide had a return on equity of 53.97% and a net margin of 4.15%. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $6.78 billion. During the same period last year, the business posted $1.44 EPS. C.H. Robinson Worldwide’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 8.76 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, September 1st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 26.47%.

Analysts Set New Price Targets

Several research analysts recently commented on CHRW shares. Wolfe Research downgraded C.H. Robinson Worldwide from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, July 12th. Wells Fargo & Company increased their price objective on C.H. Robinson Worldwide from $93.00 to $94.00 and gave the company an “underweight” rating in a research note on Thursday, July 28th. Stifel Nicolaus increased their price objective on C.H. Robinson Worldwide from $117.00 to $123.00 in a research note on Thursday, July 28th. Vertical Research downgraded C.H. Robinson Worldwide from a “hold” rating to a “sell” rating and set a $104.00 price objective for the company. in a research note on Wednesday, August 17th. Finally, Evercore ISI dropped their target price on C.H. Robinson Worldwide from $115.00 to $112.00 and set an “in-line” rating for the company in a report on Tuesday, July 12th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $110.81.

Insider Activity at C.H. Robinson Worldwide

In other news, Director Henry J. Maier bought 922 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average cost of $108.45 per share, for a total transaction of $99,990.90. Following the acquisition, the director now directly owns 922 shares of the company’s stock, valued at approximately $99,990.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 3,046 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $120.00, for a total value of $365,520.00. Following the sale, the insider now owns 20,060 shares of the company’s stock, valued at approximately $2,407,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henry J. Maier purchased 922 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $108.45 per share, for a total transaction of $99,990.90. Following the transaction, the director now directly owns 922 shares in the company, valued at $99,990.90. The disclosure for this purchase can be found here. Insiders sold 33,215 shares of company stock worth $3,887,292 in the last three months. 1.64% of the stock is owned by company insiders.

C.H. Robinson Worldwide Profile

(Get Rating)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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