Nomura Asset Management Co. Ltd. Sells 25,728 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Nomura Asset Management Co. Ltd. cut its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 428,776 shares of the transportation company’s stock after selling 25,728 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.36% of C.H. Robinson Worldwide worth $44,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth $86,000. Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $134,833,000. UniSuper Management Pty Ltd raised its stake in C.H. Robinson Worldwide by 15.1% during the 4th quarter. UniSuper Management Pty Ltd now owns 19,401 shares of the transportation company’s stock valued at $2,005,000 after purchasing an additional 2,548 shares during the period. Elo Mutual Pension Insurance Co lifted its holdings in C.H. Robinson Worldwide by 28.2% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 13,333 shares of the transportation company’s stock worth $1,378,000 after purchasing an additional 2,932 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in C.H. Robinson Worldwide by 1.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246,706 shares of the transportation company’s stock worth $25,766,000 after purchasing an additional 2,616 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Down 0.5 %

CHRW opened at $101.13 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The stock’s 50 day moving average price is $100.58 and its 200-day moving average price is $104.37. C.H. Robinson Worldwide, Inc. has a one year low of $65.00 and a one year high of $114.82. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 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 analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.45%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CHRW shares. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Robert W. Baird lifted their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft initiated coverage on C.H. Robinson Worldwide in a research note on Friday, March 7th. They set a “buy” rating and a $129.00 price target for the company. Finally, Raymond James reduced their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.89.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, December 31st. The stock was 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 of the company’s stock, valued at $3,578,226.89. The trade was a 5.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock valued at $1,513,656 in the last three months. Company insiders own 1.47% of the company’s stock.

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.