State of Alaska Department of Revenue Sells 575 Shares of C.H. Robinson Worldwide, Inc. $CHRW

State of Alaska Department of Revenue trimmed its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 13,333 shares of the transportation company’s stock after selling 575 shares during the period. State of Alaska Department of Revenue’s holdings in C.H. Robinson Worldwide were worth $1,279,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in C.H. Robinson Worldwide by 4.9% during the 1st quarter. Principal Financial Group Inc. now owns 148,905 shares of the transportation company’s stock worth $15,248,000 after purchasing an additional 6,889 shares during the last quarter. Amalgamated Bank raised its position in C.H. Robinson Worldwide by 1.9% during the 1st quarter. Amalgamated Bank now owns 23,098 shares of the transportation company’s stock worth $2,365,000 after purchasing an additional 432 shares during the last quarter. Assenagon Asset Management S.A. raised its position in C.H. Robinson Worldwide by 4.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company’s stock worth $877,000 after purchasing an additional 340 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in C.H. Robinson Worldwide during the 1st quarter worth $206,000. Finally, M&T Bank Corp raised its position in C.H. Robinson Worldwide by 1.7% during the 1st quarter. M&T Bank Corp now owns 8,713 shares of the transportation company’s stock worth $892,000 after purchasing an additional 144 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $121.74, for a total transaction 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 trade represents a 1.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael John Short sold 6,364 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $117.24, for a total transaction of $746,115.36. Following the transaction, the insider directly owned 60,401 shares in the company, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,577 shares of company stock valued at $1,714,544 in the last 90 days. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $135.40 on Friday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $138.00. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 2.10 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. The firm’s 50-day simple moving average is $125.18 and its 200 day simple moving average is $105.64.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter last year, the firm earned $1.15 EPS. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, research analysts anticipate 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 company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 56.49%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CHRW shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of C.H. Robinson Worldwide in a research report on Saturday, September 27th. Citigroup raised their target price on C.H. Robinson Worldwide from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. TD Cowen raised their target price on C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Susquehanna set a $165.00 price target on C.H. Robinson Worldwide and gave the stock a “positive” rating in a report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.19.

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.