C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,040,436 shares of the transportation company’s stock after selling 14,936 shares during the quarter. California Public Employees Retirement System owned about 0.79% of C.H. Robinson Worldwide worth $97,458,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. TimeScale Financial Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $45,000. Bbva USA acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $45,000. BDO Wealth Advisors LLC raised its position in shares of C.H. Robinson Worldwide by 1,250.0% in the 1st quarter. BDO Wealth Advisors LLC now owns 540 shares of the transportation company’s stock worth $52,000 after buying an additional 500 shares during the period. CSat Investment Advisory L.P. raised its position in shares of C.H. Robinson Worldwide by 34.7% in the 1st quarter. CSat Investment Advisory L.P. now owns 667 shares of the transportation company’s stock worth $64,000 after buying an additional 172 shares during the period. Finally, Ameritas Investment Company LLC purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth $67,000. Hedge funds and other institutional investors own 90.56% of the company’s stock.

In other news, insider Michael John Short sold 2,693 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, August 12th. The stock was sold at an average price of $91.49, for a total transaction of $246,382.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.95% of the company’s stock.

Several research analysts have commented on the company. Vertical Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup lowered their target price on C.H. Robinson Worldwide from $118.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, July 14th. Wells Fargo & Company lowered their target price on C.H. Robinson Worldwide from $95.00 to $90.00 and set an “underweight” rating for the company in a research note on Tuesday, July 13th. Evercore ISI began coverage on C.H. Robinson Worldwide in a research note on Monday, September 13th. They set an “inline” rating and a $95.00 target price for the company. Finally, Morgan Stanley raised their target price on C.H. Robinson Worldwide from $58.00 to $60.00 and gave the company an “underweight” rating in a research note on Thursday, July 8th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $98.31.

Shares of CHRW stock opened at $91.49 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $89.40 and a two-hundred day moving average of $93.73. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.67 and a 52 week high of $105.53. The company has a market cap of $12.05 billion, a P/E ratio of 19.06, a PEG ratio of 1.84 and a beta of 0.71.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Monday, July 26th. The transportation company reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.11. The company had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $4.92 billion. C.H. Robinson Worldwide had a return on equity of 34.62% and a net margin of 3.41%. The business’s revenue for the quarter was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 earnings per share. Analysts expect that C.H. Robinson Worldwide, Inc. will post 5.34 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 1st. Stockholders of record on Friday, September 3rd were issued a dividend of $0.51 per share. The ex-dividend date was Thursday, September 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.23%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 54.84%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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