Teacher Retirement System of Texas Purchases 101,270 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Teacher Retirement System of Texas raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 973.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,677 shares of the transportation company's stock after purchasing an additional 101,270 shares during the quarter. 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 Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CHRW. Proficio Capital Partners LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at $33,000. State of Michigan Retirement System raised its stake in shares of C.H. Robinson Worldwide by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 32,092 shares of the transportation company's stock valued at $3,316,000 after acquiring an additional 200 shares during the period. Keybank National Association OH purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at $307,000. Victory Capital Management Inc. raised its stake in shares of C.H. Robinson Worldwide by 93.4% in the fourth quarter. Victory Capital Management Inc. now owns 62,201 shares of the transportation company's stock valued at $6,427,000 after acquiring an additional 30,043 shares during the period. Finally, M&T Bank Corp raised its stake in shares of C.H. Robinson Worldwide by 31.5% in the fourth quarter. M&T Bank Corp now owns 8,569 shares of the transportation company's stock valued at $886,000 after acquiring an additional 2,052 shares during the period. Institutional investors own 93.15% of the company's stock.

Insider Transactions at C.H. Robinson Worldwide

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 shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the transaction, the insider directly owned 71,441 shares in the company, valued at $6,959,782.22. This represents a 7.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several recent analyst reports. Baird R W raised shares of C.H. Robinson Worldwide to a "hold" rating in a research note on Tuesday, July 1st. Robert W. Baird initiated coverage on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $105.00 target price on the stock. Wells Fargo & Company reduced their target price on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. TD Cowen increased their target price on shares of 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. Finally, Evercore ISI reduced their target price on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $113.50.

C.H. Robinson Worldwide Stock Down 1.2%

C.H. Robinson Worldwide stock traded down $1.18 during midday trading on Friday, hitting $97.96. 478,230 shares of the company's stock were exchanged, compared to its average volume of 1,301,783. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.24 and a 12 month high of $114.82. The firm has a 50-day moving average of $94.67 and a two-hundred day moving average of $97.73. The company has a market cap of $11.63 billion, a PE ratio of 23.44, a P/E/G ratio of 1.61 and a beta of 0.89.

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

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.53%. The ex-dividend date was Friday, June 6th. C.H. Robinson Worldwide's payout ratio is 59.33%.

C.H. Robinson Worldwide 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.