C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,859 shares of the transportation company’s stock after selling 474 shares during the quarter. Kentucky Retirement Systems’ holdings in C.H. Robinson Worldwide were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Montag A & Associates Inc. acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at about $30,000. UMB Bank n.a. increased its stake in shares of C.H. Robinson Worldwide by 147.0% during the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after purchasing an additional 294 shares in the last quarter. Evermay Wealth Management LLC increased its stake in shares of C.H. Robinson Worldwide by 336.0% during the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock worth $47,000 after purchasing an additional 420 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $49,000. Finally, Larson Financial Group LLC increased its stake in shares of C.H. Robinson Worldwide by 139.0% during the 4th quarter. Larson Financial Group LLC now owns 851 shares of the transportation company’s stock worth $74,000 after purchasing an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the subject of a number of recent research reports. BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. StockNews.com raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Susquehanna lifted their target price on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Raymond James began coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They issued a “market perform” rating for the company. Finally, Baird R W raised shares of C.H. Robinson Worldwide to a “hold” rating in a research note on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus target price of $88.78.

C.H. Robinson Worldwide Price Performance

Shares of CHRW traded up $0.05 during midday trading on Monday, reaching $89.52. The stock had a trading volume of 526,897 shares, compared to its average volume of 1,629,672. The firm’s 50 day moving average price is $86.80 and its 200-day moving average price is $79.93. The company has a market capitalization of $10.48 billion, a P/E ratio of 35.36, a P/E/G ratio of 2.35 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.26. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. C.H. Robinson Worldwide’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.65 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.73%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 96.44%.

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.