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

California Public Employees Retirement System reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 741,344 shares of the transportation company’s stock after selling 14,637 shares during the quarter. California Public Employees Retirement System’s holdings in C.H. Robinson Worldwide were worth $64,045,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vision Capital Management Inc. grew its position in C.H. Robinson Worldwide by 0.8% in the 4th quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock valued at $1,435,000 after acquiring an additional 129 shares in the last quarter. Cascade Investment Advisors Inc. grew its position in C.H. Robinson Worldwide by 1.1% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 13,665 shares of the transportation company’s stock valued at $1,177,000 after acquiring an additional 145 shares in the last quarter. SkyView Investment Advisors LLC grew its position in shares of C.H. Robinson Worldwide by 3.4% during the third quarter. SkyView Investment Advisors LLC now owns 4,567 shares of the transportation company’s stock worth $393,000 after buying an additional 149 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of C.H. Robinson Worldwide by 71.4% during the third quarter. Avior Wealth Management LLC now owns 425 shares of the transportation company’s stock worth $37,000 after buying an additional 177 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of C.H. Robinson Worldwide by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 51,934 shares of the transportation company’s stock worth $4,473,000 after buying an additional 190 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $70.26 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $106.14. The stock has a 50 day moving average price of $72.62 and a 200 day moving average price of $79.61. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 3.65 and a beta of 0.72.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. The firm had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CHRW. Stifel Nicolaus boosted their price objective on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Wolfe Research raised C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Barclays reissued an “underweight” rating and set a $65.00 price objective (down from $80.00) on shares of C.H. Robinson Worldwide in a research report on Monday, April 1st. BNP Paribas reissued a “neutral” rating and set a $76.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Finally, Susquehanna boosted their price objective on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Seven research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $81.21.

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.