Teacher Retirement System of Texas Grows Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Teacher Retirement System of Texas lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) by 41.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 35,683 shares of the transportation company’s stock after buying an additional 10,419 shares during the period. Teacher Retirement System of Texas’ holdings in C.H. Robinson Worldwide were worth $3,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Parnassus Investments LLC increased its position in shares of C.H. Robinson Worldwide by 46.0% during the second quarter. Parnassus Investments LLC now owns 2,499,873 shares of the transportation company’s stock valued at $253,412,000 after buying an additional 787,887 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in C.H. Robinson Worldwide by 70.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,440,384 shares of the transportation company’s stock worth $247,382,000 after acquiring an additional 1,012,401 shares in the last quarter. Invesco Ltd. boosted its stake in C.H. Robinson Worldwide by 6.5% during the first quarter. Invesco Ltd. now owns 1,367,124 shares of the transportation company’s stock worth $147,252,000 after acquiring an additional 83,250 shares in the last quarter. Eaton Vance Management boosted its stake in C.H. Robinson Worldwide by 27.0% during the first quarter. Eaton Vance Management now owns 1,328,146 shares of the transportation company’s stock worth $143,054,000 after acquiring an additional 282,532 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in C.H. Robinson Worldwide by 1.1% during the second quarter. UBS Asset Management Americas Inc. now owns 1,249,845 shares of the transportation company’s stock worth $126,697,000 after acquiring an additional 13,077 shares in the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.

C.H. Robinson Worldwide Stock Up 1.1 %

Shares of CHRW stock opened at $99.09 on Wednesday. C.H. Robinson Worldwide, Inc. has a 12 month low of $86.57 and a 12 month high of $121.23. The stock has a market cap of $11.66 billion, a P/E ratio of 12.03, a P/E/G ratio of 2.36 and a beta of 0.76. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The company has a 50 day simple moving average of $94.71 and a two-hundred day simple moving average of $100.46.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last announced its earnings results on Wednesday, November 2nd. The transportation company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.37). C.H. Robinson Worldwide had a net margin of 4.11% and a return on equity of 54.77%. The business had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $6.37 billion. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 7.79 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Friday, December 2nd were issued a dividend of $0.61 per share. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.55. This represents a $2.44 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Thursday, December 1st. C.H. Robinson Worldwide’s dividend payout ratio is currently 29.61%.

Analyst Ratings Changes

Several equities research analysts recently commented on CHRW shares. Credit Suisse Group dropped their price objective on shares of C.H. Robinson Worldwide from $97.00 to $93.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 4th. KeyCorp dropped their price objective on shares of C.H. Robinson Worldwide from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 11th. Cowen lowered shares of C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $106.00 to $91.00 in a research note on Thursday, January 5th. Bank of America downgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $95.00 to $88.00 in a research note on Tuesday, January 17th. Finally, The Goldman Sachs Group downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $102.00 to $93.00 in a research note on Tuesday, January 10th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.96.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Jordan T. Kass sold 5,276 shares of the company’s stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $97.73, for a total transaction of $515,623.48. Following the completion of the sale, the insider now directly owns 45,603 shares of the company’s stock, valued at $4,456,781.19. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.64% of the stock is owned by corporate insiders.

About C.H. Robinson Worldwide

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C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.