C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 39,206 shares of the transportation company’s stock after acquiring an additional 712 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in C.H. Robinson Worldwide were worth $3,762,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Revisor Wealth Management LLC increased its stake in C.H. Robinson Worldwide by 9.0% during the 2nd quarter. Revisor Wealth Management LLC now owns 4,345 shares of the transportation company’s stock worth $438,000 after buying an additional 358 shares during the period. Golden State Equity Partners increased its stake in C.H. Robinson Worldwide by 5.8% during the 2nd quarter. Golden State Equity Partners now owns 3,948 shares of the transportation company’s stock worth $379,000 after buying an additional 217 shares during the period. Arlington Partners LLC increased its stake in C.H. Robinson Worldwide by 10.6% during the 2nd quarter. Arlington Partners LLC now owns 46,467 shares of the transportation company’s stock worth $4,459,000 after buying an additional 4,451 shares during the period. GAMMA Investing LLC increased its stake in C.H. Robinson Worldwide by 11.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,938 shares of the transportation company’s stock worth $474,000 after buying an additional 496 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter worth approximately $374,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 5,713 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $116.24, for a total transaction of $664,079.12. Following the transaction, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $7,640,222.72. This trade represents a 8.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Arun Rajan sold 2,500 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the transaction, the insider directly owned 130,591 shares in the company, valued at $15,898,148.34. The trade was a 1.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,577 shares of company stock valued at $1,714,544 in the last ninety days. Insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Trading Up 0.4%

NASDAQ CHRW opened at $132.46 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The firm’s fifty day moving average price is $123.25 and its 200 day moving average price is $104.93. The company has a market capitalization of $15.64 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 2.07 and a beta of 0.87. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its 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. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company’s revenue was down 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.15 EPS. On average, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 56.49%.

Analyst Upgrades and Downgrades

CHRW has been the topic of several recent research reports. Bank of America upped their target price on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Citigroup increased their price objective on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Wolfe Research raised shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research report on Tuesday, July 1st. Finally, Evercore ISI increased their price objective on shares of C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.52.

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.