SBI Okasan Asset Management Co.Ltd. Makes New Investment in C.H. Robinson Worldwide, Inc. $CHRW

SBI Okasan Asset Management Co.Ltd. bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 11,200 shares of the transportation company’s stock, valued at approximately $1,836,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $27,000. Western Pacific Wealth Management LP acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $36,000. Hantz Financial Services Inc. lifted its stake in shares of C.H. Robinson Worldwide by 56.2% in the fourth quarter. Hantz Financial Services Inc. now owns 228 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 82 shares during the period. Clearstead Advisors LLC lifted its stake in shares of C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 128 shares during the period. Finally, Park Place Capital Corp acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CHRW. Stifel Nicolaus boosted their price objective on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Morgan Stanley boosted their price objective on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock an “underweight” rating in a research report on Thursday, January 29th. Wells Fargo & Company boosted their price objective on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. BMO Capital Markets reiterated a “market perform” rating and issued a $180.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Finally, Truist Financial boosted their price objective on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Seventeen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and an average price target of $192.61.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW opened at $175.41 on Friday. The company has a market cap of $20.68 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $92.36 and a 12 month high of $203.34. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The company has a 50-day simple moving average of $172.63 and a 200-day simple moving average of $171.68.

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

C.H. Robinson Worldwide Dividend Announcement

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

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.