California Public Employees Retirement System Has $97.46 Million Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

California Public Employees Retirement System lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.4% in the second quarter, Holdings Channel reports. The institutional investor owned 1,040,436 shares of the transportation company’s stock after selling 14,936 shares during the period. California Public Employees Retirement System’s holdings in C.H. Robinson Worldwide were worth $97,458,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CHRW. UBS Group AG raised its position in shares of C.H. Robinson Worldwide by 57.2% during the first quarter. UBS Group AG now owns 131,702 shares of the transportation company’s stock valued at $12,568,000 after buying an additional 47,905 shares during the last quarter. Sei Investments Co. raised its position in shares of C.H. Robinson Worldwide by 7.3% during the first quarter. Sei Investments Co. now owns 72,149 shares of the transportation company’s stock valued at $6,797,000 after buying an additional 4,900 shares during the last quarter. Panagora Asset Management Inc. increased its stake in C.H. Robinson Worldwide by 13.9% in the first quarter. Panagora Asset Management Inc. now owns 25,072 shares of the transportation company’s stock valued at $2,393,000 after acquiring an additional 3,065 shares during the period. JPMorgan Chase & Co. increased its stake in C.H. Robinson Worldwide by 162.0% in the first quarter. JPMorgan Chase & Co. now owns 788,590 shares of the transportation company’s stock valued at $75,255,000 after acquiring an additional 487,579 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in C.H. Robinson Worldwide in the first quarter valued at about $234,000. 90.56% of the stock is owned by institutional investors and hedge funds.

In related news, insider Michael John Short sold 2,693 shares of the stock in a transaction that occurred on Thursday, August 12th. The shares were sold at an average price of $91.49, for a total value of $246,382.57. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.95% of the company’s stock.

A number of analysts recently weighed in on the stock. Credit Suisse Group lowered their target price on shares of C.H. Robinson Worldwide from $93.00 to $87.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 28th. Vertical Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Monday. Citigroup lowered their target price on shares of C.H. Robinson Worldwide from $118.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, July 14th. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $94.00 target price on the stock. in a research note on Monday, August 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of C.H. Robinson Worldwide from $95.00 to $90.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 13th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $98.31.

CHRW opened at $91.49 on Thursday. C.H. Robinson Worldwide, Inc. has a one year low of $84.67 and a one year high of $105.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.44 and a quick ratio of 1.44. The company’s 50 day simple moving average is $89.40 and its 200-day simple moving average is $93.73. The stock has a market capitalization of $12.05 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Monday, July 26th. The transportation company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.11. C.H. Robinson Worldwide had a net margin of 3.41% and a return on equity of 34.62%. The business had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the prior year, the firm earned $1.06 earnings per share. C.H. Robinson Worldwide’s revenue was up 52.5% compared to the same quarter last year. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 5.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 1st. Investors of record on Friday, September 3rd were issued a $0.51 dividend. The ex-dividend date of this dividend was Thursday, September 2nd. This represents a $2.04 annualized dividend and a yield of 2.23%. C.H. Robinson Worldwide’s dividend payout ratio is currently 54.84%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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