State Board of Administration of Florida Retirement System trimmed its holdings in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 0.7% in the fourth quarter, HoldingsChannel reports. The firm owned 207,400 shares of the transportation company’s stock after selling 1,494 shares during the period. State Board of Administration of Florida Retirement System’s holdings in C.H. Robinson Worldwide were worth $17,440,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth about $528,000. Advisors Asset Management Inc. increased its stake in shares of C.H. Robinson Worldwide by 9.7% during the second quarter. Advisors Asset Management Inc. now owns 15,374 shares of the transportation company’s stock worth $1,286,000 after buying an additional 1,362 shares during the period. Schroder Investment Management Group purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter worth approximately $547,000. Atria Investments LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter worth approximately $229,000. Finally, Manning & Napier Group LLC increased its stake in shares of C.H. Robinson Worldwide by 5.9% during the third quarter. Manning & Napier Group LLC now owns 43,115 shares of the transportation company’s stock worth $4,221,000 after buying an additional 2,410 shares during the period. 86.12% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on CHRW shares. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Citigroup cut their target price on shares of C.H. Robinson Worldwide from $111.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Morgan Stanley set a $67.00 target price on shares of C.H. Robinson Worldwide and gave the stock a “sell” rating in a research note on Monday, October 22nd. Finally, Cleveland Research restated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Friday, October 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus price target of $96.67.
In other news, insider Jordan T. Kass sold 1,382 shares of the stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $90.80, for a total value of $125,485.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.97% of the stock is currently owned by corporate insiders.
CHRW stock opened at $90.36 on Friday. The company has a market capitalization of $12.42 billion, a PE ratio of 19.10, a PEG ratio of 2.00 and a beta of 0.61. C.H. Robinson Worldwide Inc has a twelve month low of $78.83 and a twelve month high of $101.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.92 and a quick ratio of 1.85.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Tuesday, January 29th. The transportation company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.14. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.24 billion. C.H. Robinson Worldwide had a return on equity of 43.12% and a net margin of 4.00%. During the same period in the prior year, the company earned $0.86 earnings per share. On average, sell-side analysts predict that C.H. Robinson Worldwide Inc will post 5.01 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, February 28th. C.H. Robinson Worldwide’s payout ratio is currently 42.28%.
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C.H. Robinson Worldwide Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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