Police & Firemen s Retirement System of New Jersey Increases Stake in C.H. Robinson Worldwide, Inc. $CHRW

Police & Firemen s Retirement System of New Jersey grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 44,524 shares of the transportation company’s stock after purchasing an additional 2,504 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in C.H. Robinson Worldwide were worth $4,272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at about $32,000. FNY Investment Advisers LLC bought a new stake in shares of C.H. Robinson Worldwide in the second quarter worth about $38,000. Cullen Frost Bankers Inc. boosted its stake in C.H. Robinson Worldwide by 203.4% during the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after buying an additional 299 shares during the last quarter. National Pension Service boosted its stake in C.H. Robinson Worldwide by 74.4% during the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock valued at $44,000 after buying an additional 183 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new position in C.H. Robinson Worldwide during the 1st quarter valued at approximately $51,000. Institutional investors own 93.15% of the company’s stock.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 49,884 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $149.71, for a total value of $7,468,133.64. Following the transaction, the insider directly owned 65,728 shares in the company, valued at $9,840,138.88. This represents a 43.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael D. Castagnetto sold 45,266 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the sale, the insider directly owned 34,046 shares of the company’s stock, valued at $5,164,778.20. This represents a 57.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the subject of a number of recent research reports. Robert W. Baird raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a report on Thursday, July 31st. Truist Financial boosted their target price on shares of C.H. Robinson Worldwide from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $135.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Finally, Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $134.00 to $148.00 in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $143.00.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $152.80 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $158.70. The company has a market capitalization of $18.05 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 1.79 and a beta of 0.88. The firm’s 50-day moving average is $135.77 and its 200 day moving average is $114.94.

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

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.52 annualized dividend and a yield of 1.6%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s payout ratio is 51.12%.

C.H. Robinson Worldwide 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.