State of New Jersey Common Pension Fund D Sells 1,437 Shares of C.H. Robinson Worldwide, Inc. $CHRW

State of New Jersey Common Pension Fund D decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,396 shares of the transportation company’s stock after selling 1,437 shares during the period. State of New Jersey Common Pension Fund D’s holdings in C.H. Robinson Worldwide were worth $3,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. North Capital Inc. bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $25,000. WPG Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $32,000. FNY Investment Advisers LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter worth approximately $38,000. National Pension Service increased its stake in shares of C.H. Robinson Worldwide by 74.4% in the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after purchasing an additional 183 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in shares of C.H. Robinson Worldwide by 203.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 299 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CHRW shares. Susquehanna set a $165.00 price target on C.H. Robinson Worldwide and gave the stock a “positive” rating in a research note on Wednesday, September 24th. Evercore ISI lifted their target price on C.H. Robinson Worldwide from $116.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Bank of America boosted their price target on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Wolfe Research raised shares of C.H. Robinson Worldwide from a “peer perform” rating to an “outperform” rating and set a $112.00 price objective for the company in a report on Tuesday, July 1st. Finally, Wells Fargo & Company boosted their target price on shares of C.H. Robinson Worldwide from $127.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.05.

Insider Activity

In other news, insider Arun Rajan sold 2,500 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider owned 130,591 shares in the company, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael John Short sold 6,364 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the transaction, the insider directly owned 60,401 shares in the company, valued at approximately $7,081,413.24. This represents a 9.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,577 shares of company stock valued at $1,714,544 in the last ninety days. Insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Trading Up 2.4%

CHRW stock opened at $129.06 on Tuesday. The firm has a fifty day moving average price of $129.58 and a 200 day moving average price of $109.24. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $138.00. The firm has a market cap of $15.24 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the business earned $1.15 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was down 7.7% compared to the same quarter last year. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a dividend of $0.62 per share. The ex-dividend date was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a yield of 1.9%. C.H. Robinson Worldwide’s dividend payout ratio is 56.49%.

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.