New York State Teachers Retirement System Acquires 11,443 Shares of C.H. Robinson Worldwide, Inc. $CHRW

New York State Teachers Retirement System lifted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 12.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,735 shares of the transportation company’s stock after acquiring an additional 11,443 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of C.H. Robinson Worldwide worth $9,666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHRW. North Capital Inc. bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $25,000. WPG Advisers LLC bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $32,000. National Pension Service raised its holdings in shares of C.H. Robinson Worldwide by 74.4% during the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 183 shares in the last quarter. Ransom Advisory Ltd bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $51,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of C.H. Robinson Worldwide by 307.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.1%

NASDAQ CHRW opened at $127.39 on Monday. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00. The stock has a market cap of $15.04 billion, a P/E ratio of 29.02, a P/E/G ratio of 1.76 and a beta of 0.90. The stock’s fifty day moving average price is $128.74 and its 200-day moving average price is $107.66. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the prior year, the firm posted $1.15 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 56.49%.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Arun Rajan sold 2,500 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider directly owned 130,591 shares of the company’s stock, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael John Short sold 6,364 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total value of $746,115.36. Following the completion of the sale, the insider directly owned 60,401 shares in the company, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,577 shares of company stock valued at $1,714,544. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CHRW shares. Barclays upgraded C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $95.00 to $130.00 in a report on Wednesday, October 1st. Citigroup downgraded C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $134.00 to $148.00 in a report on Wednesday, October 8th. Stifel Nicolaus increased their price objective on C.H. Robinson Worldwide from $111.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Raymond James Financial increased their price objective on C.H. Robinson Worldwide from $111.00 to $158.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Robert W. Baird upgraded C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.05.

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.