California State Teachers Retirement System Has $16.84 Million Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

California State Teachers Retirement System increased its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,179 shares of the transportation company’s stock after acquiring an additional 12,660 shares during the period. California State Teachers Retirement System owned about 0.19% of C.H. Robinson Worldwide worth $16,841,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Montag A & Associates Inc. bought a new stake in C.H. Robinson Worldwide in the 4th quarter worth about $30,000. UMB Bank n.a. boosted its position in C.H. Robinson Worldwide by 147.0% in the first quarter. UMB Bank n.a. now owns 494 shares of the transportation company’s stock worth $38,000 after purchasing an additional 294 shares during the last quarter. Evermay Wealth Management LLC increased its position in shares of 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 purchasing an additional 420 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth $49,000. Finally, Larson Financial Group LLC grew its position in C.H. Robinson Worldwide by 139.0% during the fourth quarter. Larson Financial Group LLC now owns 851 shares of the transportation company’s stock valued at $74,000 after buying an additional 495 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $102.21 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $87.47 and a 200-day moving average price of $80.18. The company has a market cap of $11.97 billion, a PE ratio of 40.40, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $105.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 28.30%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.68 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.39%. C.H. Robinson Worldwide’s dividend payout ratio is presently 96.44%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CHRW shares. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Wells Fargo & Company raised their target price on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group lifted their price objective on C.H. Robinson Worldwide from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday. Baird R W raised shares of C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Finally, Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price target for the company from $76.00 to $99.00 in a research note on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $94.00.

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.