C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,918 shares of the transportation company's stock after selling 21,250 shares during the quarter. New York State Common Retirement Fund owned 0.11% of C.H. Robinson Worldwide worth $14,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHRW. Massmutual Trust Co. FSB ADV raised its holdings in shares of C.H. Robinson Worldwide by 168.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company's stock valued at $26,000 after purchasing an additional 185 shares in the last quarter. Quent Capital LLC lifted its holdings in C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company's stock worth $26,000 after buying an additional 146 shares during the last quarter. Eastern Bank purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $54,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $55,000. Finally, Peoples Bank KS purchased a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $66,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on CHRW. Susquehanna dropped their price target on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $87.00 to $110.00 in a research note on Thursday, August 1st. The Goldman Sachs Group upped their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Benchmark lifted their target price on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, Vertical Research raised C.H. Robinson Worldwide from a "sell" rating to a "buy" rating and set a $102.00 target price for the company in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $106.25.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW traded up $1.49 during midday trading on Wednesday, hitting $106.42. The company had a trading volume of 2,331,913 shares, compared to its average volume of 1,541,949. The company has a quick ratio of 1.42, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The business has a 50-day simple moving average of $105.75 and a two-hundred day simple moving average of $93.96. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $113.10. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 36.31, a price-to-earnings-growth ratio of 1.20 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.16. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.28 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a $0.62 dividend. The ex-dividend date was Friday, September 6th. This is a positive change from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a dividend yield of 2.33%. C.H. Robinson Worldwide's payout ratio is currently 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $6,979,372.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.18% of the stock is currently owned by insiders.

About C.H. Robinson Worldwide

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.