Public Employees Retirement System of Ohio Purchases New Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Public Employees Retirement System of Ohio acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 42,598 shares of the transportation company's stock, valued at approximately $4,401,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHRW. Van ECK Associates Corp boosted its position in C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after purchasing an additional 3,004,338 shares during the period. Norges Bank acquired a new position in C.H. Robinson Worldwide during the 4th quarter valued at approximately $134,833,000. Raymond James Financial Inc. acquired a new position in C.H. Robinson Worldwide during the 4th quarter valued at approximately $102,174,000. First Trust Advisors LP boosted its position in 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 purchasing an additional 748,661 shares during the period. Finally, Wellington Management Group LLP boosted its position in 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 purchasing an additional 593,211 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

Analyst Ratings Changes

CHRW has been the subject of a number of analyst reports. Bank of America boosted their price target on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. TD Securities boosted their price target on 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. Citigroup reduced their price target on C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a "buy" rating and a $129.00 price target for the company. Finally, Truist Financial initiated coverage on C.H. Robinson Worldwide in a research report on Thursday, March 13th. They set a "buy" rating and a $115.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.29.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded down $0.23 during midday trading on Friday, reaching $95.87. The stock had a trading volume of 2,199,687 shares, compared to its average volume of 1,343,757. The firm's 50 day moving average price is $93.73 and its 200-day moving average price is $100.06. The company has a market capitalization of $11.38 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.16 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 52 week low of $82.16 and a 52 week high of $114.82.

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

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th will be given 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 of this dividend is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 59.33%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.47% of the stock is owned by 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.