South Dakota Investment Council Sells 6,000 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

South Dakota Investment Council lowered its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 61.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,777 shares of the transportation company’s stock after selling 6,000 shares during the quarter. South Dakota Investment Council’s holdings in C.H. Robinson Worldwide were worth $390,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in C.H. Robinson Worldwide by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock worth $436,648,000 after buying an additional 142,116 shares in the last quarter. Geode Capital Management LLC raised its position in shares of C.H. Robinson Worldwide by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company’s stock worth $341,555,000 after acquiring an additional 42,189 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after purchasing an additional 3,004,338 shares during the last quarter. FMR LLC lifted its stake in shares of C.H. Robinson Worldwide by 2,259.1% during the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock worth $282,303,000 after purchasing an additional 2,449,367 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after purchasing an additional 36,769 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.2 %

C.H. Robinson Worldwide stock opened at $100.68 on Tuesday. The firm has a market cap of $11.95 billion, a PE ratio of 26.15, a P/E/G ratio of 1.16 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The stock’s 50 day simple moving average is $102.67 and its two-hundred day simple moving average is $104.69. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, March 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 64.42%.

Analyst Ratings Changes

Several brokerages have recently commented on CHRW. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $118.00 to $130.00 in a report on Monday, December 9th. The Goldman Sachs Group increased their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Bank of America dropped their target price on shares of C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Barclays raised their price target on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Finally, Citigroup dropped their price objective on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $117.17.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.47% of the stock is owned by company insiders.

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.