New York State Teachers Retirement System Sells 9,481 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

New York State Teachers Retirement System lessened its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 9.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,292 shares of the transportation company's stock after selling 9,481 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of C.H. Robinson Worldwide worth $9,144,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. NBC Securities Inc. acquired a new position in C.H. Robinson Worldwide in the first quarter valued at about $27,000. First Financial Corp IN acquired a new position in C.H. Robinson Worldwide in the first quarter valued at about $31,000. Proficio Capital Partners LLC acquired a new position in C.H. Robinson Worldwide in the fourth quarter valued at about $33,000. AdvisorNet Financial Inc lifted its stake in C.H. Robinson Worldwide by 252.1% in the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after buying an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in C.H. Robinson Worldwide by 31.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock valued at $49,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Down 1.3%

Shares of NASDAQ:CHRW traded down $1.30 during mid-day trading on Monday, reaching $96.73. 1,211,049 shares of the stock were exchanged, compared to its average volume of 1,301,420. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market cap of $11.48 billion, a P/E ratio of 23.14, a P/E/G ratio of 1.61 and a beta of 0.89. C.H. Robinson Worldwide, Inc. has a one year low of $84.24 and a one year high of $114.82. The stock's 50 day simple moving average is $94.82 and its 200-day simple moving average is $97.62.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.56%. C.H. Robinson Worldwide's dividend payout ratio is 59.33%.

Analysts Set New Price Targets

CHRW has been the topic of several recent analyst reports. UBS Group cut their price objective on C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating on the stock in a report on Thursday. Evercore ISI cut their price objective 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. Raymond James Financial reduced their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a report on Friday, April 11th. TD Securities increased their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Jefferies Financial Group lowered their price objective on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.50.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the transaction, the insider directly owned 71,441 shares in the company, valued at $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

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.