Retirement Systems of Alabama Sells 196 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Retirement Systems of Alabama reduced its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,593 shares of the transportation company’s stock after selling 196 shares during the quarter. Retirement Systems of Alabama’s holdings in C.H. Robinson Worldwide were worth $2,644,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHRW. Charles Schwab Investment Management Inc. boosted its position in C.H. Robinson Worldwide by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock valued at $436,648,000 after buying an additional 142,116 shares during the period. Geode Capital Management LLC lifted its holdings in C.H. Robinson Worldwide by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company’s stock worth $341,555,000 after buying an additional 42,189 shares during the period. FMR LLC lifted its holdings in C.H. Robinson Worldwide by 2,259.1% in the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock worth $282,303,000 after buying an additional 2,449,367 shares during the period. JPMorgan Chase & Co. lifted its holdings in C.H. Robinson Worldwide by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after buying an additional 36,769 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in C.H. Robinson Worldwide by 12.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock worth $155,149,000 after buying an additional 153,654 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Trading Up 0.4 %

NASDAQ:CHRW opened at $99.74 on Wednesday. The company has a 50 day simple moving average of $104.38 and a two-hundred day simple moving average of $104.45. The company has a market cap of $11.79 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.12 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio is presently 64.42%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CHRW. BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, December 13th. TD Cowen raised their price objective on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Barclays raised their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $117.17.

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.