Teacher Retirement System of Texas Has $11.44 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Teacher Retirement System of Texas lifted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 973.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,677 shares of the transportation company's stock after purchasing an additional 101,270 shares during the period. Teacher Retirement System of Texas owned 0.09% of C.H. Robinson Worldwide worth $11,436,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. NBC Securities Inc. bought a new stake in C.H. Robinson Worldwide in the 1st quarter valued at $27,000. First Financial Corp IN bought a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at about $31,000. Proficio Capital Partners LLC bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $33,000. AdvisorNet Financial Inc lifted its stake in shares of 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 shares of 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.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider owned 71,441 shares of the company's stock, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Trading Up 1.7%

NASDAQ:CHRW traded up $1.60 during mid-day trading on Tuesday, hitting $98.33. The company had a trading volume of 1,216,746 shares, compared to its average volume of 1,302,114. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $114.82. The business's fifty day moving average is $95.02 and its two-hundred day moving average is $97.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $11.67 billion, a P/E ratio of 23.52, a P/E/G ratio of 1.58 and a beta of 0.89.

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

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.52%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide's payout ratio is 59.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CHRW shares. Evercore ISI reduced 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 research note on Thursday, May 1st. Bank of America increased their target price on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Barclays cut their price target on shares of C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. UBS Group cut their price target on shares of C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating for the company in a research note on Thursday, July 3rd. Finally, Wells Fargo & Company cut their price objective on C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. One investment 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $113.64.

About C.H. Robinson Worldwide

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.