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

New York State Common Retirement Fund cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 20.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 99,618 shares of the transportation company’s stock after selling 26,400 shares during the period. New York State Common Retirement Fund owned 0.08% of C.H. Robinson Worldwide worth $10,201,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. North Capital Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at $25,000. NBC Securities Inc. purchased a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $27,000. First Financial Corp IN purchased a new stake in C.H. Robinson Worldwide in the 1st quarter valued at about $31,000. Proficio Capital Partners LLC acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $33,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of C.H. Robinson Worldwide by 252.1% during the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company’s stock worth $43,000 after acquiring an additional 300 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Down 1.1%

CHRW opened at $97.48 on Friday. The firm’s 50 day moving average is $96.50 and its 200-day moving average is $97.37. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $114.82. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $11.57 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.62 and a beta of 0.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the business earned $0.86 EPS. The business’s revenue was down 8.3% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 6th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.54%. C.H. Robinson Worldwide’s dividend payout ratio is presently 59.33%.

Insider Activity

In related news, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the transaction, the insider owned 71,441 shares of the company’s stock, valued at approximately $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CHRW shares. Wolfe Research upgraded shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 target price for the company in a report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price objective on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Citigroup increased their target price on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Raymond James Financial set a $111.00 target price on C.H. Robinson Worldwide and gave the company an “outperform” rating in a report on Tuesday. Finally, Robert W. Baird assumed coverage on C.H. Robinson Worldwide in a research note on Tuesday, July 1st. They set a “neutral” rating and a $105.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $114.29.

C.H. Robinson Worldwide Company 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.