Teacher Retirement System of Texas Buys Shares of 10,407 C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Teacher Retirement System of Texas purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,407 shares of the transportation company’s stock, valued at approximately $1,075,000.

A number of other large investors also recently modified their holdings of the business. Royal London Asset Management Ltd. grew its position in C.H. Robinson Worldwide by 11.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 56,661 shares of the transportation company’s stock valued at $5,854,000 after buying an additional 5,638 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of C.H. Robinson Worldwide by 65.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 5,311 shares of the transportation company’s stock valued at $514,000 after acquiring an additional 2,110 shares in the last quarter. Vinva Investment Management Ltd acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $560,000. Xponance Inc. raised its holdings in C.H. Robinson Worldwide by 10.4% during the fourth quarter. Xponance Inc. now owns 18,071 shares of the transportation company’s stock worth $1,867,000 after purchasing an additional 1,708 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in C.H. Robinson Worldwide by 18.5% in the fourth quarter. Intech Investment Management LLC now owns 20,613 shares of the transportation company’s stock worth $2,130,000 after purchasing an additional 3,219 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $101.13 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.83. The company has a 50 day simple moving average of $100.58 and a 200-day simple moving average of $104.40. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.45%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 64.42%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CHRW. Benchmark reiterated a “buy” rating and set a $125.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Truist Financial assumed coverage on shares of C.H. Robinson Worldwide in a research report on Thursday, March 13th. They issued a “buy” rating and a $115.00 price target on the stock. BMO Capital Markets raised their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a “market perform” rating in a research report on Friday, December 13th. Susquehanna dropped their target price on shares of C.H. Robinson Worldwide from $127.00 to $117.00 and set a “positive” rating on the stock in a report on Wednesday. Finally, Barclays raised their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.89.

Insiders Place Their Bets

In other news, insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,048 shares of company stock valued at $1,513,656 in the last three months. Insiders own 1.47% of the company’s stock.

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.