C.H. Robinson Worldwide, Inc. $CHRW Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 31.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,489 shares of the transportation company’s stock after purchasing an additional 3,217 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in C.H. Robinson Worldwide were worth $1,786,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $118,976,000. Boston Partners grew its position in shares of C.H. Robinson Worldwide by 53.0% during the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after buying an additional 1,218,968 shares during the last quarter. Bank of New York Mellon Corp raised its stake in C.H. Robinson Worldwide by 78.3% during the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock worth $193,219,000 after acquiring an additional 884,160 shares during the period. Qube Research & Technologies Ltd lifted its holdings in C.H. Robinson Worldwide by 119.6% in the second quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock worth $76,169,000 after acquiring an additional 432,406 shares during the last quarter. Finally, State Street Corp boosted its stake in C.H. Robinson Worldwide by 5.7% in the second quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after acquiring an additional 397,177 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael John Short sold 2,390 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $161.91, for a total value of $386,964.90. Following the completion of the sale, the insider owned 55,158 shares in the company, valued at $8,930,631.78. This represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Angela K. Freeman sold 49,884 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at $9,840,138.88. This represents a 43.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 97,540 shares of company stock worth $14,721,951 over the last ninety days. Company insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $173.42 on Wednesday. The stock has a market cap of $20.49 billion, a P/E ratio of 35.18, a P/E/G ratio of 1.87 and a beta of 0.91. The firm’s 50-day simple moving average is $159.21 and its 200 day simple moving average is $134.64. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $174.25. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.64.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the prior year, the firm posted $1.28 EPS. C.H. Robinson Worldwide’s revenue was down 10.9% compared to the same quarter last year. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.12%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of research reports. Truist Financial increased their price target on C.H. Robinson Worldwide from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Citigroup upped their price objective on C.H. Robinson Worldwide from $163.00 to $177.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Susquehanna raised their target price on C.H. Robinson Worldwide from $160.00 to $210.00 and gave the company a “positive” rating in a research note on Thursday, January 8th. Evercore ISI upped their price target on shares of C.H. Robinson Worldwide from $175.00 to $196.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Cowen reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.78.

C.H. Robinson Worldwide 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.