Meiji Yasuda Asset Management Co Ltd. Increases Position in C.H. Robinson Worldwide, Inc. $CHRW

Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 41.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,273 shares of the transportation company’s stock after buying an additional 26,914 shares during the quarter. C.H. Robinson Worldwide comprises approximately 0.7% of Meiji Yasuda Asset Management Co Ltd.’s investment portfolio, making the stock its 27th biggest holding. Meiji Yasuda Asset Management Co Ltd. owned 0.08% of C.H. Robinson Worldwide worth $14,673,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. ABN Amro Investment Solutions boosted its holdings in C.H. Robinson Worldwide by 238.6% in the fourth quarter. ABN Amro Investment Solutions now owns 7,584 shares of the transportation company’s stock valued at $1,219,000 after purchasing an additional 5,344 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $576,000. PNC Financial Services Group Inc. boosted its position in C.H. Robinson Worldwide by 5.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 18,192 shares of the transportation company’s stock worth $2,925,000 after purchasing an additional 927 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in C.H. Robinson Worldwide by 10.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,429 shares of the transportation company’s stock worth $1,837,000 after purchasing an additional 1,086 shares in the last quarter. Finally, Armor Investment Advisors LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth about $235,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 1.4%

CHRW stock opened at $178.13 on Friday. The firm has a market cap of $21.00 billion, a PE ratio of 36.06, a PEG ratio of 1.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.59 and a current ratio of 1.59. The firm’s 50 day moving average price is $172.25 and its 200-day moving average price is $170.82. C.H. Robinson Worldwide, Inc. has a one year low of $92.36 and a one year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the firm earned $1.17 EPS. C.H. Robinson Worldwide’s revenue was down .9% on a year-over-year basis. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.01%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CHRW shares. Morgan Stanley increased their target price on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research report on Thursday, January 29th. Weiss Ratings raised shares of C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Stifel Nicolaus raised their price target on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, May 1st. UBS Group set a $160.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Finally, Benchmark raised their price objective on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Eighteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.61.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.