Louisiana State Employees Retirement System Sells 200 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Louisiana State Employees Retirement System lowered its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,400 shares of the transportation company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in C.H. Robinson Worldwide were worth $661,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CHRW. Inspire Investing LLC bought a new stake in C.H. Robinson Worldwide in the 4th quarter worth $810,000. D.A. Davidson & CO. grew its holdings in C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after acquiring an additional 443 shares during the last quarter. Chesapeake Capital Corp IL bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth $835,000. Northstar Advisory Group LLC bought a new stake in C.H. Robinson Worldwide in the 4th quarter worth $587,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after purchasing an additional 36,769 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.4 %

CHRW opened at $99.92 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average price of $103.55 and a 200-day moving average price of $104.64. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.12 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating 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%. Equities 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.48%. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Stephens reaffirmed an “equal weight” rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Raymond James cut their target price on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Benchmark reaffirmed a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Hold” and an average price target of $117.17.

Insider Activity

In related news, insider Michael D. Castagnetto sold 2,032 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 34,469 shares in the company, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.47% of the stock is owned by corporate insiders.

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.