C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,618 shares of the transportation company's stock after selling 26,400 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of C.H. Robinson Worldwide worth $10,201,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CHRW. Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $134,833,000. First Trust Advisors LP raised its position in shares of C.H. Robinson Worldwide by 163.6% during the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company's stock valued at $124,625,000 after buying an additional 748,661 shares during the period. Wellington Management Group LLP raised its position in shares of C.H. Robinson Worldwide by 25.7% during the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after buying an additional 593,211 shares during the period. GAMMA Investing LLC raised its position in shares of C.H. Robinson Worldwide by 7,706.1% during the 1st quarter. GAMMA Investing LLC now owns 454,861 shares of the transportation company's stock valued at $46,578,000 after buying an additional 449,034 shares during the period. Finally, Marshall Wace LLP increased its holdings in C.H. Robinson Worldwide by 386.9% in the 4th quarter. Marshall Wace LLP now owns 374,941 shares of the transportation company's stock valued at $38,739,000 after purchasing an additional 297,938 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

CHRW has been the subject of several research reports. UBS Group dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating for the company in a report on Thursday, July 3rd. Raymond James Financial set a $111.00 target price on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. Evercore ISI dropped their target price on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. TD Securities boosted their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, Wolfe Research upgraded shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price target for the company in a research note on Tuesday, July 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $114.29.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the transaction, the insider directly owned 71,441 shares of the company's stock, valued at $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.91% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded up $0.08 on Monday, reaching $97.56. The company's stock had a trading volume of 220,828 shares, compared to its average volume of 1,279,819. The stock's 50-day moving average is $96.50 and its two-hundred day moving average is $97.29. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $114.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $11.58 billion, a P/E ratio of 23.34, a PEG ratio of 1.60 and a beta of 0.89.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.93% and a return on equity of 35.37%. The business's revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.48 annualized dividend and a yield of 2.54%. C.H. Robinson Worldwide's dividend payout ratio is currently 59.33%.

C.H. Robinson Worldwide Company Profile

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.