Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,134 shares of the transportation company’s stock after selling 397 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in C.H. Robinson Worldwide were worth $2,597,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CHRW. National Pension Service acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $25,000. Proficio Capital Partners LLC acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at about $33,000. Missouri Trust & Investment Co purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $41,000. Mainstream Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $41,000. Finally, Quarry LP increased its holdings in shares of 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 buying an additional 171 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on CHRW shares. StockNews.com lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $118.00 to $130.00 in a research note on Monday, December 9th. Robert W. Baird raised their price objective on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Stephens reaffirmed an “equal weight” rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Finally, TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $117.65.

Insider Buying and Selling

In other news, insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the sale, the insider now directly owns 34,586 shares of the company’s stock, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the transaction, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock worth $1,513,656 over the last 90 days. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Up 0.5 %

Shares of C.H. Robinson Worldwide stock opened at $100.48 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. 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 market capitalization of $11.93 billion, a P/E ratio of 26.10, a P/E/G ratio of 1.16 and a beta of 0.83. The company has a 50 day moving average of $100.73 and a 200 day moving average of $104.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released 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%. As a group, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. 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 currently 64.42%.

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.