Retirement Systems of Alabama Buys 44,168 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Retirement Systems of Alabama boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 172.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,761 shares of the transportation company's stock after acquiring an additional 44,168 shares during the quarter. Retirement Systems of Alabama owned 0.06% of C.H. Robinson Worldwide worth $7,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. National Pension Service purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at $25,000. NBC Securities Inc. bought a new stake in C.H. Robinson Worldwide in the first quarter worth $27,000. First Financial Corp IN bought a new stake in C.H. Robinson Worldwide in the first quarter worth $31,000. Proficio Capital Partners LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $33,000. Finally, Mainstream Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Activity

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 value of $555,294.00. Following the completion of the transaction, the insider now directly owns 71,441 shares in the company, valued at $6,959,782.22. This trade represents a 7.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CHRW shares. TD Cowen boosted their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Barclays decreased their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. Jefferies Financial Group dropped their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a "buy" rating and a $129.00 target price on the stock. Finally, Wall Street Zen lowered shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $114.52.

C.H. Robinson Worldwide Stock Down 1.7%

C.H. Robinson Worldwide stock traded down $1.57 during trading hours on Wednesday, hitting $92.71. 818,571 shares of the stock traded hands, compared to its average volume of 1,315,048. C.H. Robinson Worldwide, Inc. has a one year low of $84.24 and a one year high of $114.82. The firm's 50-day moving average price is $93.77 and its two-hundred day moving average price is $98.42. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market cap of $11.01 billion, a PE ratio of 22.18, a PEG ratio of 1.54 and a beta of 0.90.

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, beating analysts' consensus estimates of $1.02 by $0.15. The company had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The firm's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.68%. The ex-dividend date is Friday, June 6th. 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.