C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Strs Ohio

Strs Ohio decreased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,805 shares of the transportation company’s stock after selling 1,514 shares during the quarter. Strs Ohio’s holdings in C.H. Robinson Worldwide were worth $1,612,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHRW. Impact Partnership Wealth LLC purchased a new position in C.H. Robinson Worldwide during the second quarter valued at approximately $291,000. Amalgamated Bank raised its position in C.H. Robinson Worldwide by 1.3% during the second quarter. Amalgamated Bank now owns 23,390 shares of the transportation company’s stock valued at $2,244,000 after acquiring an additional 292 shares in the last quarter. Atria Investments Inc raised its position in C.H. Robinson Worldwide by 35.2% during the second quarter. Atria Investments Inc now owns 10,487 shares of the transportation company’s stock valued at $1,006,000 after acquiring an additional 2,733 shares in the last quarter. Assetmark Inc. raised its position in C.H. Robinson Worldwide by 26.3% during the second quarter. Assetmark Inc. now owns 529 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 110 shares in the last quarter. Finally, Quaker Wealth Management LLC raised its position in C.H. Robinson Worldwide by 200.3% during the second quarter. Quaker Wealth Management LLC now owns 709 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 1,416 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $152.91 on Wednesday. The company has a market cap of $18.06 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a 50-day moving average of $132.08 and a two-hundred day moving average of $111.65. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $158.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.C.H. Robinson Worldwide’s revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 EPS. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. C.H. Robinson Worldwide’s payout ratio is currently 50.30%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CHRW. Evercore ISI upped their price target on C.H. Robinson Worldwide from $155.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Truist Financial boosted their price objective on C.H. Robinson Worldwide from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Stephens set a $173.00 price objective on C.H. Robinson Worldwide in a research report on Thursday, October 30th. Citigroup cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $134.00 to $148.00 in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on C.H. Robinson Worldwide from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Activity

In other news, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the transaction, the insider owned 65,728 shares in the company, valued at approximately $7,640,222.72. This represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Arun Rajan sold 2,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at $15,898,148.34. This trade represents a 1.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.47% of the company’s stock.

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.