California Public Employees Retirement System Cuts Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

California Public Employees Retirement System reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 741,344 shares of the transportation company's stock after selling 14,637 shares during the period. California Public Employees Retirement System owned 0.64% of C.H. Robinson Worldwide worth $64,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in C.H. Robinson Worldwide by 20.0% during the third quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company's stock valued at $145,333,000 after purchasing an additional 280,938 shares during the last quarter. Invesco Ltd. lifted its stake in C.H. Robinson Worldwide by 15.0% during the third quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company's stock valued at $184,985,000 after purchasing an additional 280,177 shares during the last quarter. Northern Trust Corp lifted its stake in C.H. Robinson Worldwide by 15.9% during the third quarter. Northern Trust Corp now owns 1,536,430 shares of the transportation company's stock valued at $132,333,000 after purchasing an additional 211,089 shares during the last quarter. Sasco Capital Inc. CT acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at approximately $16,790,000. Finally, Royal Bank of Canada raised its holdings in shares of C.H. Robinson Worldwide by 13.0% during the third quarter. Royal Bank of Canada now owns 1,338,395 shares of the transportation company's stock valued at $115,275,000 after acquiring an additional 154,381 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Down 0.1 %

CHRW stock traded down $0.04 during trading hours on Friday, hitting $70.22. The company's stock had a trading volume of 1,026,328 shares, compared to its average volume of 1,579,631. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $8.22 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 3.65 and a beta of 0.72. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $106.14. The stock has a 50 day moving average price of $72.58 and a two-hundred day moving average price of $79.50.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.30). The business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide's dividend payout ratio is currently 90.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of C.H. Robinson Worldwide from $75.00 to $70.00 and set an "underweight" rating on the stock in a report on Tuesday, April 9th. Stifel Nicolaus boosted their price target on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a "hold" rating in a report on Wednesday, January 10th. Bank of America dropped their price objective on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an "underperform" rating on the stock in a research note on Monday, April 15th. Susquehanna upped their price objective on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a "neutral" rating in a research note on Monday, March 25th. Finally, Wells Fargo & Company dropped their price objective on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an "underweight" rating on the stock in a research note on Thursday, February 1st. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $81.21.

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.