Kentucky Retirement Systems Insurance Trust Fund Has $293,000 Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,850 shares of the transportation company’s stock after selling 306 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in C.H. Robinson Worldwide were worth $293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cascade Investment Advisors Inc. boosted its position in shares of C.H. Robinson Worldwide by 10.4% during the 1st quarter. Cascade Investment Advisors Inc. now owns 15,350 shares of the transportation company’s stock worth $1,169,000 after acquiring an additional 1,450 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $2,960,000. BNP Paribas Financial Markets boosted its position in C.H. Robinson Worldwide by 21.0% in the fourth quarter. BNP Paribas Financial Markets now owns 155,894 shares of the transportation company’s stock valued at $13,468,000 after buying an additional 27,103 shares in the last quarter. Norden Group LLC acquired a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $4,585,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in C.H. Robinson Worldwide by 13.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company’s stock valued at $16,301,000 after buying an additional 26,156 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.1 %

CHRW traded up $0.05 during midday trading on Monday, hitting $89.52. The company had a trading volume of 526,897 shares, compared to its average volume of 1,629,672. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $100.88. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 2.35 and a beta of 0.80. The stock’s 50 day moving average price is $86.80 and its 200 day moving average price is $79.93.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The business’s revenue was down 4.3% compared to the same quarter last year. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.65 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.73%. The ex-dividend date was Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 96.44%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CHRW. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and raised their target price for the company from $76.00 to $99.00 in a research report on Monday, July 22nd. Wells Fargo & Company began coverage on shares of C.H. Robinson Worldwide in a research report on Friday, June 7th. They issued an “equal weight” rating and a $94.00 target price on the stock. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Finally, Raymond James started coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They set a “market perform” rating for the company. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.78.

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.