California Public Employees Retirement System Sells 9,001 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

California Public Employees Retirement System reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 546,439 shares of the transportation company's stock after selling 9,001 shares during the quarter. California Public Employees Retirement System owned 0.46% of C.H. Robinson Worldwide worth $56,458,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in C.H. Robinson Worldwide by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company's stock worth $1,501,774,000 after buying an additional 251,943 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company's stock valued at $428,554,000 after acquiring an additional 191,611 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of C.H. Robinson Worldwide by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company's stock worth $341,555,000 after acquiring an additional 42,189 shares during the period. Van ECK Associates Corp raised its holdings in shares of C.H. Robinson Worldwide by 92,841.1% during the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock valued at $310,742,000 after purchasing an additional 3,004,338 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock valued at $155,830,000 after purchasing an additional 36,769 shares during the period. Institutional investors own 93.15% of the company's stock.

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Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW traded down $3.83 during trading hours on Friday, reaching $90.94. The company's stock had a trading volume of 1,524,679 shares, compared to its average volume of 1,400,208. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.16 and a beta of 0.86. The firm's 50-day moving average price is $99.87 and its 200-day moving average price is $104.37.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, topping 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%. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.73%. C.H. Robinson Worldwide's payout ratio is 64.42%.

Wall Street Analysts Forecast Growth

CHRW has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Truist Financial assumed coverage on C.H. Robinson Worldwide in a report on Thursday, March 13th. They issued a "buy" rating and a $115.00 price objective for the company. Stifel Nicolaus raised C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price on the stock in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide in a research report on Friday, March 7th. They set a "buy" rating and a $129.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $118.89.

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.