C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 262,414 shares of the transportation company's stock after selling 6,912 shares during the quarter. California State Teachers Retirement System owned approximately 0.22% of C.H. Robinson Worldwide worth $27,113,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in C.H. Robinson Worldwide by 5.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,535 shares of the transportation company's stock worth $2,535,000 after purchasing an additional 1,209 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth $3,883,000. Menard Financial Group LLC purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth $91,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in C.H. Robinson Worldwide during the 4th quarter worth $6,747,000. Finally, Azzad Asset Management Inc. ADV increased its holdings in C.H. Robinson Worldwide by 1.9% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 26,403 shares of the transportation company's stock worth $2,728,000 after purchasing an additional 491 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

CHRW traded down $0.23 on Friday, reaching $95.87. 2,199,687 shares of the stock were exchanged, compared to its average volume of 1,343,757. The company's 50-day moving average price is $93.73 and its 200 day moving average price is $99.98. 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 firm has a market capitalization of $11.38 billion, a PE ratio of 24.90, a PEG ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $82.16 and a fifty-two week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company's revenue was down 8.3% compared to the same quarter last year. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 59.33%.

Insider Buying and Selling

In related news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider now owns 71,441 shares of the company's stock, valued at $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.47% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on CHRW shares. Bank of America raised their price objective on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft began coverage on C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a "buy" rating and a $129.00 price target on the stock. Barclays cut their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Evercore ISI cut their price target on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, Wells Fargo & Company cut their price target on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and a consensus target price of $114.29.

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.