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 stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 126,018 shares of the transportation company’s stock after selling 6,900 shares during the quarter. New York State Common Retirement Fund’s holdings in C.H. Robinson Worldwide were worth $13,020,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the period. Missouri Trust & Investment Co purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $41,000. Quarry LP increased its holdings in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after acquiring an additional 171 shares during the period. Brooklyn Investment Group lifted its stake in C.H. Robinson Worldwide by 213.5% in the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after purchasing an additional 316 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in C.H. Robinson Worldwide in the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research note on Friday, December 13th. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research report on Friday, January 31st. Stephens restated an “equal weight” rating and issued a $111.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Finally, Citigroup lowered their target price 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $117.17.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $100.88 on Monday. The company has a market capitalization of $11.98 billion, a P/E ratio of 26.20, a PEG ratio of 1.16 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The stock has a 50 day moving average price of $102.86 and a two-hundred day moving average price of $104.67.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates 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%. Analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be paid a $0.62 dividend. The ex-dividend date is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.46%. C.H. Robinson Worldwide’s payout ratio is presently 64.42%.

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.