C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock Position Lowered by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 20.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,295 shares of the transportation company’s stock after selling 4,818 shares during the period. Texas Permanent School Fund Corp’s holdings in C.H. Robinson Worldwide were worth $1,700,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CHRW. Quent Capital LLC grew its holdings in shares of C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after buying an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after acquiring an additional 185 shares during the period. UMB Bank n.a. boosted its position in C.H. Robinson Worldwide by 147.0% during the 1st quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after acquiring an additional 294 shares during the period. Evermay Wealth Management LLC grew its stake in C.H. Robinson Worldwide by 336.0% during the 4th quarter. Evermay Wealth Management LLC now owns 545 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 420 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $49,000. 93.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $6,979,372.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.47% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of research analyst reports. Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $99.00 in a research report on Monday, July 22nd. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Benchmark increased their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Cowen boosted their target price on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Finally, Baird R W upgraded C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $93.67.

C.H. Robinson Worldwide Stock Up 1.8 %

C.H. Robinson Worldwide stock opened at $102.04 on Thursday. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 40.33, a P/E/G ratio of 2.02 and a beta of 0.82. The firm has a fifty day moving average price of $96.77 and a two-hundred day moving average price of $85.38. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $105.41. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.19. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 EPS. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.43%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. C.H. Robinson Worldwide’s payout ratio is 98.02%.

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.