Teacher Retirement System of Texas Sells 95,767 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Teacher Retirement System of Texas trimmed its C.H. Robinson stake by 52.1%, selling 95,767 shares and ending the quarter with 88,073 shares (0.07% of the company) valued at about $14.16 million.
• C.H. Robinson beat EPS estimates ($1.23 vs. $1.12) while revenue fell 6.5% year-over-year, and analysts maintain a "Moderate Buy" consensus with a $186.22 average price target.
• Insider activity shows recent selling—Michael J. Short and Angela K. Freeman sold 6,368 and 8,579 shares respectively—and insiders net sold 17,796 shares (~$3.56M) versus buys of 2,422 shares (~$400.8K) in the last 90 days, leaving insiders with 0.37% ownership.

Teacher Retirement System of Texas trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 52.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,073 shares of the transportation company's stock after selling 95,767 shares during the quarter. Teacher Retirement System of Texas owned 0.07% of C.H. Robinson Worldwide worth $14,159,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHRW. Wellington Management Group LLP raised its holdings in shares of C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company's stock worth $945,773,000 after acquiring an additional 4,751,034 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $72,929,000. Raymond James Financial Inc. raised its holdings in shares of C.H. Robinson Worldwide by 68.5% during the third quarter. Raymond James Financial Inc. now owns 1,051,312 shares of the transportation company's stock worth $139,194,000 after acquiring an additional 427,543 shares during the period. Earnest Partners LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $54,313,000. Finally, State Street Corp raised its holdings in shares of C.H. Robinson Worldwide by 5.7% during the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company's stock worth $716,423,000 after acquiring an additional 397,177 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the sale, the insider directly owned 52,101 shares in the company, valued at approximately $10,487,931.30. The trade was a 10.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 8,579 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 9th. The shares were sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the completion of the sale, the insider owned 55,611 shares in the company, valued at $11,151,117.72. The trade was a 13.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders acquired 2,422 shares of company stock worth $400,801 and sold 17,796 shares worth $3,555,415. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CHRW shares. JPMorgan Chase & Co. raised their price objective on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an "overweight" rating in a report on Monday, January 12th. Wolfe Research restated an "outperform" rating and set a $188.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. Sanford C. Bernstein raised their price objective on shares of C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a "market perform" rating in a report on Friday, January 9th. BMO Capital Markets restated a "market perform" rating and set a $180.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Finally, Stifel Nicolaus raised their price objective on shares of C.H. Robinson Worldwide from $184.00 to $202.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. Fifteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $186.22.

C.H. Robinson Worldwide Stock Down 0.4%

Shares of CHRW stock opened at $183.03 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59. C.H. Robinson Worldwide, Inc. has a 1 year low of $86.58 and a 1 year high of $203.34. The firm's fifty day moving average price is $175.42 and its two-hundred day moving average price is $165.23. The firm has a market capitalization of $21.57 billion, a P/E ratio of 37.89, a PEG ratio of 1.91 and a beta of 0.93.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the business earned $1.21 EPS. The company's revenue was down 6.5% compared to the same quarter last year. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 5.98 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, March 6th. C.H. Robinson Worldwide's payout ratio is presently 52.17%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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