Louisiana State Employees Retirement System Invests $613,000 in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Louisiana State Employees Retirement System purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,100 shares of the transportation company’s stock, valued at approximately $613,000.

A number of other large investors have also recently made changes to their positions in the stock. Larson Financial Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth approximately $31,000. Pacific Center for Financial Services purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth approximately $34,000. Headlands Technologies LLC purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth approximately $140,000. IMPACTfolio LLC purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth approximately $206,000. Finally, Dana Investment Advisors Inc. purchased a new position in shares of C.H. Robinson Worldwide in the third quarter worth approximately $206,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on shares of C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, April 9th. Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Bank of America dropped their price target on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. StockNews.com lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Finally, Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Seven equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and an average price target of $81.21.

C.H. Robinson Worldwide Trading Down 0.1 %

Shares of CHRW opened at $70.22 on Monday. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $106.14. The company has a market cap of $8.22 billion, a P/E ratio of 25.91, a P/E/G ratio of 3.61 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00. The company’s fifty day simple moving average is $72.58 and its 200-day simple moving average is $79.40.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.30). The company had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is presently 90.04%.

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.