Meiji Yasuda Asset Management Co Ltd. Buys 7,600 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 104,564 shares of the transportation company’s stock after acquiring an additional 7,600 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in C.H. Robinson Worldwide were worth $9,214,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its stake in C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock valued at $26,000 after buying an additional 185 shares during the last quarter. Quent Capital LLC grew its position in shares of C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares during the last quarter. UMB Bank n.a. increased its stake in shares of C.H. Robinson Worldwide by 147.0% in the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after purchasing an additional 294 shares during the period. Evermay Wealth Management LLC lifted its position in shares of C.H. Robinson Worldwide by 336.0% during the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after purchasing an additional 420 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new stake in C.H. Robinson Worldwide during the 1st quarter valued at approximately $49,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the transaction, the insider now owns 70,943 shares in the company, valued at approximately $6,979,372.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CHRW has been the topic of several recent analyst reports. Susquehanna lifted their price target on C.H. Robinson Worldwide from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. UBS Group upped their target price on shares of C.H. Robinson Worldwide from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and increased their price target for the company from $76.00 to $99.00 in a report on Monday, July 22nd. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Finally, Benchmark increased their target price on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and an average price target of $93.67.

C.H. Robinson Worldwide Stock Down 0.0 %

Shares of NASDAQ CHRW opened at $100.26 on Wednesday. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $105.41. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The business has a fifty day moving average of $96.50 and a two-hundred day moving average of $85.20. The stock has a market cap of $11.74 billion, a PE ratio of 39.63, a PEG ratio of 2.02 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.90 EPS. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a $0.62 dividend. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, September 6th. C.H. Robinson Worldwide’s payout ratio is presently 98.02%.

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.