C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stake Boosted by Teacher Retirement System of Texas

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

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in shares of C.H. Robinson Worldwide by 4.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company's stock valued at $877,000 after purchasing an additional 340 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of C.H. Robinson Worldwide in the first quarter worth about $206,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company's stock worth $2,573,000 after buying an additional 589 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in C.H. Robinson Worldwide by 3.2% during the first quarter. Asset Management One Co. Ltd. now owns 47,441 shares of the transportation company's stock valued at $4,858,000 after buying an additional 1,457 shares during the last quarter. Finally, CX Institutional bought a new position in C.H. Robinson Worldwide during the first quarter valued at approximately $92,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wolfe Research upgraded shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Tuesday. Raymond James Financial decreased their target price on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. TD Securities increased their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Truist Financial started coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They set a "buy" rating and a $115.00 price objective on the stock. Finally, TD Cowen upped their price objective on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.50.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded down $1.18 during trading on Friday, hitting $97.96. 478,230 shares of the company were exchanged, compared to its average volume of 1,302,297. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.24 and a 1 year high of $114.82. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.61 and a beta of 0.89. The firm's fifty day moving average price is $94.67 and its 200 day moving average price is $97.79.

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 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 firm's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. On average, sell-side analysts expect 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were given 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 2.53%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 59.33%.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,700 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider directly owned 71,441 shares in the company, valued at $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.47% of the company's stock.

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.