C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,939 shares of the transportation company’s stock after selling 6,717 shares during the period. Public Employees Retirement System of Ohio’s holdings in C.H. Robinson Worldwide were worth $3,955,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CHRW. Vanguard Group Inc. grew its position in shares of C.H. Robinson Worldwide by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock valued at $1,082,346,000 after buying an additional 177,119 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 21.1% during the first quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after purchasing an additional 2,003,158 shares during the last quarter. Van ECK Associates Corp raised its position in shares of C.H. Robinson Worldwide by 13,682.5% during the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after purchasing an additional 2,643,193 shares during the period. ProShare Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 5.0% in the 1st quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock worth $152,426,000 after purchasing an additional 94,616 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in C.H. Robinson Worldwide by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock valued at $151,689,000 after purchasing an additional 68,491 shares during the period. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Price Performance

CHRW opened at $89.05 on Thursday. The firm has a market capitalization of $10.43 billion, a P/E ratio of 35.20, a PEG ratio of 2.33 and a beta of 0.80. The stock has a fifty day moving average of $87.12 and a 200-day moving average of $80.03. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 4.3% on a year-over-year basis. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.68 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 7th were issued a $0.61 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.74%. C.H. Robinson Worldwide’s dividend payout ratio is 96.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CHRW shares. Barclays raised their target price on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. Evercore ISI raised C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $82.00 to $99.00 in a research note on Tuesday, June 25th. Bank of America raised C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and upped their price target for the company from $87.00 to $110.00 in a report on Thursday. Finally, Baird R W raised shares of C.H. Robinson Worldwide to a “hold” rating in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Hold” and a consensus price target of $91.00.

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.