C.H. Robinson Worldwide, Inc. $CHRW Stake Lifted by California State Teachers Retirement System

California State Teachers Retirement System boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 16,583.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 39,473,051 shares of the transportation company’s stock after purchasing an additional 39,236,456 shares during the period. California State Teachers Retirement System owned 0.34% of C.H. Robinson Worldwide worth $7,434,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in CHRW. Bank of Jackson Hole Trust bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $25,000. Millstone Evans Group LLC lifted its position in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Continuum Advisory LLC bought a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at about $27,000. DV Equities LLC acquired a new position in C.H. Robinson Worldwide during the 4th quarter valued at about $27,000. Finally, NBH Bank acquired a new position in C.H. Robinson Worldwide during the 2nd quarter valued at about $29,000. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wolfe Research set a $196.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, July 30th. Stephens lowered their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Raymond James Financial set a $192.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Robert W. Baird reduced their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Finally, Wall Street Zen cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $196.56.

C.H. Robinson Worldwide Stock Up 1.7%

CHRW opened at $150.10 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $17.54 billion, a PE ratio of 28.65, a P/E/G ratio of 1.25 and a beta of 0.94. The stock’s fifty day moving average is $166.89 and its 200-day moving average is $173.60. C.H. Robinson Worldwide, Inc. has a one year low of $123.64 and a one year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the business posted $1.29 earnings per share. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.18 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.