State of Wisconsin Investment Board cut its stake in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310,631 shares of the transportation company’s stock after selling 17,495 shares during the period. State of Wisconsin Investment Board owned approximately 0.22% of C.H. Robinson Worldwide worth $25,987,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Natixis acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $11,256,000. IBM Retirement Fund acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $286,000. Dupont Capital Management Corp grew its stake in shares of C.H. Robinson Worldwide by 548.9% during the first quarter. Dupont Capital Management Corp now owns 32,934 shares of the transportation company’s stock worth $3,086,000 after purchasing an additional 27,859 shares during the period. Avalon Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 36.0% during the first quarter. Avalon Advisors LLC now owns 186,390 shares of the transportation company’s stock worth $17,466,000 after purchasing an additional 49,365 shares during the period. Finally, IFM Investors Pty Ltd grew its stake in shares of C.H. Robinson Worldwide by 63.2% during the second quarter. IFM Investors Pty Ltd now owns 5,999 shares of the transportation company’s stock worth $502,000 after purchasing an additional 2,323 shares during the period. 90.70% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on CHRW shares. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from an “underweight” rating to a “neutral” rating and set a $71.00 price objective for the company in a research note on Wednesday, July 11th. Bank of America cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating in a research note on Thursday. Credit Suisse Group lifted their price objective on C.H. Robinson Worldwide from $82.00 to $86.00 and gave the stock an “underperform” rating in a research note on Thursday, August 2nd. Robert W. Baird reaffirmed a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, August 1st. Finally, Zacks Investment Research cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, July 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $93.50.

In other C.H. Robinson Worldwide news, insider Michael John Short sold 4,527 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $96.12, for a total value of $435,135.24. Following the completion of the transaction, the insider now directly owns 14,717 shares of the company’s stock, valued at $1,414,598.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael W. Neill sold 452 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $96.10, for a total value of $43,437.20. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by insiders.

C.H. Robinson Worldwide opened at $94.90 on Friday, MarketBeat reports. C.H. Robinson Worldwide Inc has a 1 year low of $65.57 and a 1 year high of $100.18. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, July 31st. The transportation company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.07. C.H. Robinson Worldwide had a return on equity of 38.81% and a net margin of 3.59%. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. The company’s revenue was up 15.3% on a year-over-year basis. equities research analysts anticipate that C.H. Robinson Worldwide Inc will post 4.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 7th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $1.84 dividend on an annualized basis and a yield of 1.94%. C.H. Robinson Worldwide’s payout ratio is 52.87%.

C.H. Robinson Worldwide announced that its Board of Directors has approved a share repurchase plan on Thursday, May 10th that permits the company to repurchase 15,000,000 outstanding shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

Featured Article: Are analyst ratings accurate?

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide Inc (NASDAQ:CHRW).

Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.