Daiwa Securities Group Inc. Boosts Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Daiwa Securities Group Inc. increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,430 shares of the transportation company’s stock after buying an additional 778 shares during the period. Daiwa Securities Group Inc.’s holdings in C.H. Robinson Worldwide were worth $901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHRW. Prime Capital Investment Advisors LLC bought a new position in C.H. Robinson Worldwide in the 4th quarter valued at approximately $2,960,000. GSA Capital Partners LLP lifted its position in C.H. Robinson Worldwide by 8.8% in the 3rd quarter. GSA Capital Partners LLP now owns 9,245 shares of the transportation company’s stock valued at $796,000 after acquiring an additional 746 shares in the last quarter. abrdn plc lifted its position in C.H. Robinson Worldwide by 9.5% in the 3rd quarter. abrdn plc now owns 394,466 shares of the transportation company’s stock valued at $33,975,000 after acquiring an additional 34,300 shares in the last quarter. Nordea Investment Management AB lifted its position in C.H. Robinson Worldwide by 28.3% in the 3rd quarter. Nordea Investment Management AB now owns 309,074 shares of the transportation company’s stock valued at $26,979,000 after acquiring an additional 68,256 shares in the last quarter. Finally, Weybosset Research & Management LLC lifted its position in C.H. Robinson Worldwide by 31.7% in the 3rd quarter. Weybosset Research & Management LLC now owns 60,102 shares of the transportation company’s stock valued at $5,177,000 after acquiring an additional 14,480 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.8 %

Shares of C.H. Robinson Worldwide stock opened at $70.94 on Thursday. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.64 and a beta of 0.72. The business has a 50-day moving average price of $72.69 and a 200-day moving average price of $79.67. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $106.14.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). The firm had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s payout ratio is 90.04%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CHRW. Susquehanna upped their price objective on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. BNP Paribas reissued a “neutral” rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Bank of America lowered their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a report on Monday, April 15th. Wells Fargo & Company lowered their price target on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. Finally, Stifel Nicolaus increased their price target on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Seven equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Hold” and a consensus price target of $81.21.

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.