Sumitomo Mitsui Trust Group Inc. Has $34.18 Million Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Sumitomo Mitsui Trust Group Inc. lessened its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 330,814 shares of the transportation company’s stock after selling 13,502 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of C.H. Robinson Worldwide worth $34,180,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CHRW. Venturi Wealth Management LLC grew its stake in C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 111 shares during the period. Missouri Trust & Investment Co bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Quarry LP lifted its holdings in shares of C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 316 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insider Activity

In related news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 34,469 shares in the company, valued at $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $99.74 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The business has a fifty day simple moving average of $104.38 and a two-hundred day simple moving average of $104.45. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a market capitalization of $11.79 billion, a P/E ratio of 25.91, a P/E/G ratio of 1.12 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share 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, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CHRW shares. Bank of America dropped their target price on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. JPMorgan Chase & Co. dropped their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Barclays raised their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Friday, January 17th. BMO Capital Markets raised their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a report on Friday, December 13th. Finally, Citigroup dropped their price target on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus price target of $117.17.

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.