New York State Common Retirement Fund Sells 6,900 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

New York State Common Retirement Fund trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,018 shares of the transportation company’s stock after selling 6,900 shares during the quarter. New York State Common Retirement Fund owned approximately 0.11% of C.H. Robinson Worldwide worth $13,020,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after buying an additional 3,004,338 shares during the period. FMR LLC raised its stake in shares of C.H. Robinson Worldwide by 2,259.1% during the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after acquiring an additional 2,449,367 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 137.8% during the third quarter. Citigroup Inc. now owns 431,033 shares of the transportation company’s stock worth $47,573,000 after purchasing an additional 249,774 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of C.H. Robinson Worldwide by 12.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock worth $155,149,000 after purchasing an additional 153,654 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in C.H. Robinson Worldwide by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock valued at $436,648,000 after purchasing an additional 142,116 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHRW has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $118.00 to $130.00 in a report on Monday, December 9th. BMO Capital Markets raised their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. Citigroup reduced their price objective on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Finally, Susquehanna lowered their target price on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus price target of $117.17.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $100.88 on Monday. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The stock’s 50 day moving average is $102.86 and its 200-day moving average is $104.67. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.16 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.46%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.47% of the company’s stock.

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.