6,000 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,000 shares of the transportation company’s stock, valued at approximately $996,000.

A number of other large investors have also made changes to their positions in the stock. Mairs & Power Inc. increased its position in shares of C.H. Robinson Worldwide by 0.7% during the third quarter. Mairs & Power Inc. now owns 869,738 shares of the transportation company’s stock valued at $115,153,000 after purchasing an additional 6,188 shares during the period. Jones Kertz & Associates Inc. bought a new position in C.H. Robinson Worldwide in the fourth quarter worth $1,557,000. Massachusetts Financial Services Co. MA bought a new position in C.H. Robinson Worldwide in the fourth quarter worth $3,699,000. New York State Teachers Retirement System boosted its stake in C.H. Robinson Worldwide by 6.0% during the fourth quarter. New York State Teachers Retirement System now owns 104,269 shares of the transportation company’s stock worth $16,762,000 after buying an additional 5,877 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $965,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $189.85 on Friday. The stock has a market capitalization of $22.38 billion, a price-to-earnings ratio of 38.43, a P/E/G ratio of 1.64 and a beta of 0.91. The firm’s 50-day moving average price is $180.24 and its two-hundred day moving average price is $177.03. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. C.H. Robinson Worldwide, Inc. has a 1-year low of $96.27 and a 1-year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. C.H. Robinson Worldwide’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.09 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

Wall Street Analyst Weigh In

CHRW has been the topic of several recent research reports. TD Cowen lifted their target price on shares of C.H. Robinson Worldwide from $194.00 to $196.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Wall Street Zen lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Wells Fargo & Company lifted their price objective on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a report on Friday, May 1st. Finally, Stifel Nicolaus raised their target price on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Sixteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.35.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.