Arizona State Retirement System Purchases 494 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Arizona State Retirement System lifted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 34,042 shares of the transportation company’s stock after buying an additional 494 shares during the quarter. Arizona State Retirement System’s holdings in C.H. Robinson Worldwide were worth $3,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CHRW. Sound Financial Strategies Group LLC boosted its holdings in C.H. Robinson Worldwide by 1.9% in the 4th quarter. Sound Financial Strategies Group LLC now owns 8,387 shares of the transportation company’s stock valued at $867,000 after purchasing an additional 156 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $33,000. M&T Bank Corp increased its holdings in C.H. Robinson Worldwide by 31.5% in the 4th quarter. M&T Bank Corp now owns 8,569 shares of the transportation company’s stock worth $886,000 after purchasing an additional 2,052 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of C.H. Robinson Worldwide by 93.4% in the fourth quarter. Victory Capital Management Inc. now owns 62,201 shares of the transportation company’s stock valued at $6,427,000 after buying an additional 30,043 shares during the period. Finally, Keybank National Association OH acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at approximately $307,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 4.4 %

C.H. Robinson Worldwide stock opened at $102.45 on Monday. The stock has a market cap of $12.16 billion, a P/E ratio of 26.61, a PEG ratio of 1.16 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The firm’s fifty day moving average price is $101.67 and its 200-day moving average price is $104.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm 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 $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CHRW shares. Raymond James lowered their price objective on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. TD Cowen lifted their price target on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research note on Friday, December 13th. BMO Capital Markets upped their target price on shares of 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. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $118.00 to $130.00 in a research report on Monday, December 9th. Finally, Robert W. Baird raised their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $117.79.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares of the company’s stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock worth $1,513,656 over the last three months. 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.