State of Michigan Retirement System Buys 200 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

State of Michigan Retirement System increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,092 shares of the transportation company’s stock after purchasing an additional 200 shares during the period. State of Michigan Retirement System’s holdings in C.H. Robinson Worldwide were worth $3,316,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. National Pension Service acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at $25,000. Venturi Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 83.5% during the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after acquiring an additional 111 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $33,000. Missouri Trust & Investment Co bought a new stake in C.H. Robinson Worldwide during the 4th quarter worth about $41,000. Finally, Quarry LP raised its holdings in C.H. Robinson Worldwide by 76.7% during the 3rd quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after purchasing an additional 171 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CHRW shares. StockNews.com cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday. Robert W. Baird boosted their price target on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Stephens reiterated an “equal weight” rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Raymond James dropped their target price on shares of 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. Finally, Citigroup dropped their price objective on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $117.79.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 77,027 shares of the company’s stock, valued at $7,732,740.53. This trade represents a 9.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,048 shares of company stock worth $1,513,656. Corporate insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $102.45 on Friday. The business has a 50 day simple moving average of $101.69 and a 200 day simple moving average of $104.64. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The stock has a market cap of $12.16 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.16 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (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%. Analysts anticipate 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

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.