California State Teachers Retirement System Raises Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

California State Teachers Retirement System raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 16,583.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,473,051 shares of the transportation company's stock after purchasing an additional 39,236,456 shares during the quarter. California State Teachers Retirement System owned 33.78% of C.H. Robinson Worldwide worth $7,434,354,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CHRW. PCG Wealth Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth approximately $286,000. HB Wealth Management LLC raised its holdings in C.H. Robinson Worldwide by 4.9% in the second quarter. HB Wealth Management LLC now owns 6,115 shares of the transportation company's stock valued at $1,152,000 after acquiring an additional 288 shares in the last quarter. Nilsine Partners LLC raised its holdings in C.H. Robinson Worldwide by 3.0% in the second quarter. Nilsine Partners LLC now owns 13,914 shares of the transportation company's stock valued at $2,621,000 after acquiring an additional 406 shares in the last quarter. Saudi Central Bank boosted its stake in C.H. Robinson Worldwide by 89.2% during the 2nd quarter. Saudi Central Bank now owns 8,250 shares of the transportation company's stock valued at $1,554,000 after acquiring an additional 3,889 shares during the last quarter. Finally, NBH Bank bought a new position in C.H. Robinson Worldwide during the 2nd quarter valued at $29,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of C.H. Robinson Worldwide from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. TD Cowen reduced their price target on shares of C.H. Robinson Worldwide from $155.00 to $152.00 and set a "hold" rating on the stock in a research report on Tuesday, July 28th. Stephens decreased their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Robert W. Baird lowered their price objective on C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, July 28th. Finally, Freedom Capital upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average price target of $196.56.

C.H. Robinson Worldwide Stock Up 1.7%

CHRW stock opened at $150.10 on Wednesday. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.25 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1-year low of $123.64 and a 1-year high of $210.33. The firm has a fifty day moving average price of $166.89 and a two-hundred day moving average price of $173.60. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm posted $1.29 EPS. The company's revenue for the quarter was up 19.3% on a year-over-year basis. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.7%. C.H. Robinson Worldwide's dividend payout ratio is 48.09%.

C.H. Robinson Worldwide 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.

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