C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,534 shares of the transportation company's stock after selling 10,637 shares during the quarter. New York State Common Retirement Fund owned approximately 0.14% of C.H. Robinson Worldwide worth $14,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Czech National Bank boosted its position in C.H. Robinson Worldwide by 47.5% during the third quarter. Czech National Bank now owns 20,350 shares of the transportation company's stock valued at $1,753,000 after purchasing an additional 6,558 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in C.H. Robinson Worldwide by 1.5% during the third quarter. Asset Management One Co. Ltd. now owns 50,953 shares of the transportation company's stock valued at $4,389,000 after purchasing an additional 750 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at about $651,000. Robeco Institutional Asset Management B.V. boosted its position in C.H. Robinson Worldwide by 33.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 46,625 shares of the transportation company's stock valued at $4,016,000 after purchasing an additional 11,770 shares in the last quarter. Finally, Xponance Inc. boosted its position in C.H. Robinson Worldwide by 2.4% during the third quarter. Xponance Inc. now owns 26,054 shares of the transportation company's stock valued at $2,244,000 after purchasing an additional 603 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

CHRW stock traded down $0.70 during trading on Tuesday, hitting $71.00. 3,140,206 shares of the company traded hands, compared to its average volume of 1,599,167. The stock's 50-day simple moving average is $72.57 and its 200 day simple moving average is $79.31. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $8.31 billion, a PE ratio of 26.20, a P/E/G ratio of 3.61 and a beta of 0.72. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $106.14.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide's payout ratio is currently 90.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. BMO Capital Markets dropped their price objective on C.H. Robinson Worldwide from $90.00 to $85.00 and set a "market perform" rating on the stock in a research report on Thursday, February 1st. BNP Paribas reissued a "neutral" rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Bank of America lowered their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an "underperform" rating for the company in a report on Monday, April 15th. Stifel Nicolaus raised their price target on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a "hold" rating in a report on Wednesday, January 10th. Finally, Barclays reissued an "underweight" rating and issued a $65.00 price target (down previously from $80.00) on shares of C.H. Robinson Worldwide in a report on Monday, April 1st. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of "Hold" and an average target price of $81.21.

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.