Sumitomo Mitsui Asset Management Company LTD maintained its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,798 shares of the transportation company’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in C.H. Robinson Worldwide were worth $810,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of CHRW. Vanguard Group Inc. boosted its stake in shares of C.H. Robinson Worldwide by 3.9% in the first quarter. Vanguard Group Inc. now owns 15,129,330 shares of the transportation company’s stock worth $1,169,345,000 after buying an additional 570,800 shares during the last quarter. BlackRock Inc. boosted its stake in shares of C.H. Robinson Worldwide by 3,092.5% in the first quarter. BlackRock Inc. now owns 10,512,195 shares of the transportation company’s stock worth $812,488,000 after buying an additional 10,182,922 shares during the last quarter. FMR LLC boosted its stake in shares of C.H. Robinson Worldwide by 10.2% in the first quarter. FMR LLC now owns 5,091,485 shares of the transportation company’s stock worth $393,521,000 after buying an additional 472,798 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 8.2% in the first quarter. Geode Capital Management LLC now owns 1,584,462 shares of the transportation company’s stock worth $122,312,000 after buying an additional 120,582 shares during the last quarter. Finally, Clarkston Capital Partners LLC boosted its stake in shares of C.H. Robinson Worldwide by 23.6% in the second quarter. Clarkston Capital Partners LLC now owns 1,075,071 shares of the transportation company’s stock worth $73,836,000 after buying an additional 205,205 shares during the last quarter. 87.34% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide, Inc. (CHRW) opened at 67.22 on Monday. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 19.71 and a beta of 0.44. The firm has a 50-day moving average price of $67.70 and a 200-day moving average price of $72.85. C.H. Robinson Worldwide, Inc. has a one year low of $63.41 and a one year high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.12. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.63 billion. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the company posted $1.00 EPS. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post $3.31 earnings per share for the current year.

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CHRW has been the topic of a number of analyst reports. Credit Suisse Group reaffirmed a “sell” rating and set a $75.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Morgan Stanley reaffirmed an “underweight” rating and set a $55.00 price objective (down previously from $57.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 25th. Bank of America Corporation dropped their price objective on shares of C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, July 20th. BidaskClub raised shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 price objective on the stock in a research note on Monday, May 15th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. C.H. Robinson Worldwide presently has an average rating of “Hold” and an average price target of $70.10.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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

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