State of New Jersey Common Pension Fund D Sells 25,232 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

State of New Jersey Common Pension Fund D lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 36.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,095 shares of the transportation company’s stock after selling 25,232 shares during the period. State of New Jersey Common Pension Fund D’s holdings in C.H. Robinson Worldwide were worth $3,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its holdings in C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after buying an additional 185 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares in the last quarter. UMB Bank n.a. lifted its holdings 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 valued at $38,000 after purchasing an additional 294 shares in the last quarter. Evermay Wealth Management LLC lifted its holdings 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 valued at $47,000 after purchasing an additional 420 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $49,000. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CHRW shares. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Tuesday, July 9th. Barclays lifted their price objective on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $99.00 in a report on Monday, July 22nd. Wells Fargo & Company lifted their target price on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, Evercore ISI raised C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $82.00 to $99.00 in a research report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $93.67.

Insider Buying and Selling

In related news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Down 0.0 %

NASDAQ:CHRW opened at $100.26 on Wednesday. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 39.63, a price-to-earnings-growth ratio of 2.02 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $105.41. The stock’s 50 day moving average price is $96.50 and its two-hundred day moving average price is $85.20. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 EPS. Equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, September 6th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.47%. C.H. Robinson Worldwide’s payout ratio is presently 98.02%.

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.