New York State Common Retirement Fund Sells 10,637 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

New York State Common Retirement Fund cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,534 shares of the transportation company’s stock after selling 10,637 shares during the period. New York State Common Retirement Fund’s holdings in C.H. Robinson Worldwide were worth $14,387,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CHRW. Larson Financial Group LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $31,000. Pacific Center for Financial Services purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $34,000. Headlands Technologies LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $140,000. Naples Money Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $181,000. Finally, Dana Investment Advisors Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the third quarter worth about $206,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating for the company in a research note on Tuesday, April 9th. Susquehanna boosted their price target on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. BMO Capital Markets lowered their price objective on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, February 1st. BNP Paribas restated a “neutral” rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus raised their price target on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $81.21.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $71.70 on Tuesday. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 3.61 and a beta of 0.72. The business has a 50 day moving average of $72.57 and a 200 day moving average of $79.31. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $106.14.

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). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.35 billion. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.40%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is presently 90.04%.

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.