Strs Ohio Makes New $1.88 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Strs Ohio bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,319 shares of the transportation company’s stock, valued at approximately $1,876,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 0.4% during the first quarter. Vanguard Group Inc. now owns 14,586,381 shares of the transportation company’s stock worth $1,493,645,000 after buying an additional 51,207 shares during the last quarter. Boston Partners acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth $234,304,000. Invesco Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 8.4% during the first quarter. Invesco Ltd. now owns 2,285,723 shares of the transportation company’s stock worth $234,058,000 after purchasing an additional 176,374 shares during the period. Northern Trust Corp lifted its holdings in shares of C.H. Robinson Worldwide by 30.3% during the first quarter. Northern Trust Corp now owns 1,703,059 shares of the transportation company’s stock worth $174,393,000 after purchasing an additional 396,264 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of C.H. Robinson Worldwide by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,415,669 shares of the transportation company’s stock worth $144,965,000 after purchasing an additional 16,068 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock opened at $133.77 on Wednesday. The stock has a market capitalization of $15.80 billion, a P/E ratio of 30.47, a PEG ratio of 2.09 and a beta of 0.87. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $116.14 and its 200 day moving average is $102.49. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $134.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the prior year, the company posted $1.15 EPS. C.H. Robinson Worldwide’s revenue was down 7.7% compared to the same quarter last year. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be paid a $0.62 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.48 annualized dividend and a yield of 1.9%. C.H. Robinson Worldwide’s dividend payout ratio is currently 56.49%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Baird R W upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. Wolfe Research upgraded shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price target on the stock in a report on Tuesday, July 1st. UBS Group reiterated a “buy” rating and set a $133.00 price target (up previously from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Raymond James Financial set a $111.00 target price on shares of C.H. Robinson Worldwide and gave the company an “outperform” rating in a report on Tuesday, July 15th. Finally, Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.24.

Insiders Place Their Bets

In other news, insider Arun Rajan sold 2,500 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the transaction, the insider owned 130,591 shares of the company’s stock, valued at $15,898,148.34. This represents a 1.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the transaction, the insider directly owned 65,728 shares in the company, valued at $7,640,222.72. The trade was a 8.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,577 shares of company stock worth $1,714,544 in the last three months. 0.91% of the stock is currently owned by corporate insiders.

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.