Public Employees Retirement Association of Colorado Raises Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Public Employees Retirement Association of Colorado boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 613.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,783 shares of the transportation company’s stock after buying an additional 73,760 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.07% of C.H. Robinson Worldwide worth $13,790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHRW. Wellington Management Group LLP raised its holdings in C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after buying an additional 4,751,034 shares during the period. Norges Bank purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $236,665,000. Capital World Investors purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $165,976,000. Pinebridge Investments LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $103,751,000. Finally, Westfield Capital Management Co. LP purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at about $72,929,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the topic of several research analyst reports. UBS Group boosted their price objective on shares of C.H. Robinson Worldwide from $224.00 to $230.00 and gave the company a “buy” rating in a report on Monday, June 1st. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Raymond James Financial set a $210.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, April 30th. Finally, Stifel Nicolaus boosted their price target on shares of C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Sixteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.65.

C.H. Robinson Worldwide Stock Down 1.8%

Shares of NASDAQ:CHRW opened at $190.25 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market capitalization of $22.42 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 1.67 and a beta of 0.91. The firm’s 50-day moving average is $176.89 and its two-hundred day moving average is $174.49. C.H. Robinson Worldwide, Inc. has a 1 year low of $92.36 and a 1 year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.