Sumitomo Mitsui Trust Group Inc. Has $32.52 Million Stock Position in C.H. Robinson Worldwide, Inc. $CHRW

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 338,969 shares of the transportation company’s stock after purchasing an additional 9,774 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in C.H. Robinson Worldwide were worth $32,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CHRW. Principal Financial Group Inc. increased its stake in C.H. Robinson Worldwide by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company’s stock valued at $15,248,000 after buying an additional 6,889 shares during the last quarter. Amalgamated Bank increased its stake in C.H. Robinson Worldwide by 1.9% in the 1st quarter. Amalgamated Bank now owns 23,098 shares of the transportation company’s stock valued at $2,365,000 after buying an additional 432 shares during the last quarter. M&T Bank Corp increased its stake in C.H. Robinson Worldwide by 1.7% in the 1st quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock valued at $892,000 after buying an additional 144 shares during the last quarter. New York State Teachers Retirement System increased its stake in C.H. Robinson Worldwide by 12.8% in the 2nd quarter. New York State Teachers Retirement System now owns 100,735 shares of the transportation company’s stock valued at $9,666,000 after buying an additional 11,443 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in C.H. Robinson Worldwide by 118.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,905 shares of the transportation company’s stock valued at $3,472,000 after buying an additional 18,390 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael John Short sold 6,364 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the sale, the insider owned 60,401 shares in the company, valued at approximately $7,081,413.24. This trade represents a 9.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,577 shares of company stock worth $1,714,544 over the last 90 days. 0.91% of the stock is owned by company insiders.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $128.07 on Wednesday. The firm’s fifty day moving average price is $129.66 and its 200-day moving average price is $109.50. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $15.12 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 1.79 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a dividend of $0.62 per share. The ex-dividend date was Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 1.9%. C.H. Robinson Worldwide’s payout ratio is currently 56.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Robert W. Baird raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Thursday, July 31st. Stifel Nicolaus increased their target price on shares of C.H. Robinson Worldwide from $111.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, October 10th. UBS Group increased their target price on shares of C.H. Robinson Worldwide from $133.00 to $166.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Bank of America increased their target price on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.05.

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.