Asset Management One Co. Ltd. Boosts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Asset Management One Co. Ltd., a leading asset management company based in China, has recently increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQCHRW), a global transportation and logistics company headquartered in the United States. According to a report by Holdings Channel, Asset Management One Co. Ltd. purchased an additional 750 shares of C.H. Robinson's stock during the third quarter, bringing its total holdings to 50,953 shares.

C.H. Robinson Worldwide is a leading provider of transportation and logistics services, with operations in over 400 locations worldwide. The company offers a range of services, including ocean, air, rail, road, and intermodal transportation, as well as contract logistics, customs brokerage, and supply chain management solutions.

Asset Management One Co. Ltd. is one of the largest asset management companies in China, with over $100 billion in assets under management. The company provides a range of investment services, including private equity, real estate, and fixed income investments.

The increase in Asset Management One Co. Ltd.'s stake in C.H. Robinson Worldwide reflects the institutional investor's confidence in the transportation and logistics industry, as well as the company's strong financial performance. In the third quarter of 2021, C.H. Robinson reported revenue of $5.3 billion, up 14% year-over-year, driven by growth in its ocean and air transportation services.

Overall, the increase in Asset Management One Co. Ltd.'s stake in C.H. Robinson Worldwide is a positive development for both companies, as it reflects the institutional investor's confidence in the transportation and logistics industry and the company's strong financial performance.