Kentucky Retirement Systems Has $833,000 Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Kentucky Retirement Systems lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,060 shares of the transportation company’s stock after selling 111 shares during the quarter. Kentucky Retirement Systems’ holdings in C.H. Robinson Worldwide were worth $833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CHRW. Venturi Wealth Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after buying an additional 111 shares during the period. Missouri Trust & Investment Co acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Quarry LP boosted its holdings in shares of C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after buying an additional 171 shares during the period. Brooklyn Investment Group boosted its holdings in shares of C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after buying an additional 316 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

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

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate 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%. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 2.46%. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Buying and Selling at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 5,016 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research reports. Bank of America cut their price objective 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 boosted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Friday, January 31st. Raymond James cut their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $118.00 to $130.00 in a research report on Monday, December 9th. One equities 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $117.17.

About C.H. Robinson Worldwide

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.