Retirement Systems of Alabama Has $2.22 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Retirement Systems of Alabama reduced its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,710 shares of the transportation company’s stock after selling 616 shares during the quarter. Retirement Systems of Alabama’s holdings in C.H. Robinson Worldwide were worth $2,221,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. lifted its position in shares of C.H. Robinson Worldwide by 4.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 24,219 shares of the transportation company’s stock valued at $2,086,000 after purchasing an additional 935 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of C.H. Robinson Worldwide by 7.1% during the third quarter. Brown Advisory Inc. now owns 26,507 shares of the transportation company’s stock valued at $2,283,000 after purchasing an additional 1,754 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of C.H. Robinson Worldwide by 6.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,933 shares of the transportation company’s stock valued at $3,526,000 after purchasing an additional 2,462 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter valued at about $345,000. Finally, TD Asset Management Inc lifted its position in shares of C.H. Robinson Worldwide by 14.3% during the third quarter. TD Asset Management Inc now owns 94,647 shares of the transportation company’s stock valued at $8,152,000 after purchasing an additional 11,842 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $80.97 on Thursday. The company’s 50 day moving average is $73.19 and its 200-day moving average is $79.01. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $102.63. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The firm has a market cap of $9.47 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 3.98 and a beta of 0.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 3.4 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on CHRW. Wells Fargo & Company dropped their price target on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Thursday, February 1st. Susquehanna lifted their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. BMO Capital Markets lifted their price objective on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. lifted their price objective on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. Finally, Bank of America lowered their price objective on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research report on Monday, April 15th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Hold” and an average price target of $82.60.

C.H. Robinson Worldwide Company 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.