New York State Common Retirement Fund Trims Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

New York State Common Retirement Fund cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,018 shares of the transportation company's stock after selling 6,900 shares during the period. New York State Common Retirement Fund owned 0.11% of C.H. Robinson Worldwide worth $13,020,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in C.H. Robinson Worldwide by 502.6% in the 3rd quarter. Blue Trust Inc. now owns 928 shares of the transportation company's stock worth $102,000 after purchasing an additional 774 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of C.H. Robinson Worldwide by 451.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 38,047 shares of the transportation company's stock worth $4,199,000 after buying an additional 31,150 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $241,000. International Assets Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $42,400,000. Finally, IFM Investors Pty Ltd grew its stake in C.H. Robinson Worldwide by 1.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 20,647 shares of the transportation company's stock valued at $2,279,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

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C.H. Robinson Worldwide Price Performance

CHRW traded up $1.06 on Thursday, hitting $99.24. 1,573,778 shares of the company's stock were exchanged, compared to its average volume of 1,167,626. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 1.16 and a beta of 0.82. The firm has a 50-day moving average price of $102.31 and a 200-day moving average price of $104.64. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.50%. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

Analyst Ratings Changes

A number of brokerages have recently commented on CHRW. Benchmark restated a "buy" rating and issued a $125.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. Barclays upped their price objective on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an "underweight" rating in a research report on Friday, January 17th. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a "market perform" rating in a report on Friday, December 13th. Bank of America decreased their target price on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Finally, Raymond James dropped their price target on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $117.17.

Insider Buying and Selling

In related news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction dated 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 sale, the insider now owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.18% of the stock is currently owned by company 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.