Canandaigua National Bank & Trust Co. cut its position in C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,693 shares of the company’s stock after selling 128 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in C.H. Robinson Worldwide were worth $348,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Cleararc Capital Inc. increased its stake in C.H. Robinson Worldwide by 0.3% in the first quarter. Cleararc Capital Inc. now owns 3,512 shares of the company’s stock worth $261,000 after buying an additional 9 shares during the last quarter. Commonwealth Equity Services Inc raised its stake in C.H. Robinson Worldwide by 1.1% in the first quarter. Commonwealth Equity Services Inc now owns 4,609 shares of the company’s stock worth $342,000 after buying an additional 52 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its stake in C.H. Robinson Worldwide by 0.4% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 22,890 shares of the company’s stock worth $1,699,000 after buying an additional 80 shares in the last quarter. Sii Investments Inc. WI raised its stake in C.H. Robinson Worldwide by 4.3% in the first quarter. Sii Investments Inc. WI now owns 5,679 shares of the company’s stock worth $423,000 after buying an additional 235 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its stake in C.H. Robinson Worldwide by 1.1% in the first quarter. Glenmede Trust Co. NA now owns 38,709 shares of the company’s stock worth $2,872,000 after buying an additional 434 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) traded up 0.73% during trading on Wednesday, reaching $68.54. 934,357 shares of the company traded hands. C.H. Robinson Worldwide Inc. has a 12 month low of $59.71 and a 12 month high of $76.10. The company’s 50-day moving average is $69.11 and its 200 day moving average is $71.91. The company has a market cap of $9.78 billion, a PE ratio of 18.67 and a beta of 0.30.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, July 26th. The company reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.42 billion. C.H. Robinson Worldwide had a net margin of 4.06% and a return on equity of 44.60%. The business’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. On average, analysts anticipate that C.H. Robinson Worldwide Inc. will post $3.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be issued a dividend of $0.43 per share. The ex-dividend date is Wednesday, August 31st. This represents a $1.72 annualized dividend and a yield of 2.51%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 46.87%.

A number of research firms have recently issued reports on CHRW. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Citigroup Inc. lowered shares of C.H. Robinson Worldwide to a “market perform” rating in a report on Monday, July 18th. They noted that the move was a valuation call. RBC Capital Markets restated an “outperform” rating and set a $76.00 price target (down previously from $80.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 28th. Royal Bank Of Canada cut their price target on shares of C.H. Robinson Worldwide from $80.00 to $76.00 and set an “outperform” rating on the stock in a report on Thursday, July 28th. Finally, Stifel Nicolaus restated a “buy” rating and set a $81.00 price target (up previously from $79.00) on shares of C.H. Robinson Worldwide in a report on Sunday, September 4th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and an average target price of $75.00.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers.

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