Palisade Asset Management LLC raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 86.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 47,514 shares of the transportation company’s stock after buying an additional 22,000 shares during the period. Palisade Asset Management LLC’s holdings in C.H. Robinson Worldwide were worth $3,263,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Trexquant Investment LP boosted its position in shares of C.H. Robinson Worldwide by 246.4% in the second quarter. Trexquant Investment LP now owns 11,700 shares of the transportation company’s stock worth $804,000 after buying an additional 8,322 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of C.H. Robinson Worldwide during the second quarter worth approximately $3,874,000. Rockland Trust Co. boosted its position in shares of C.H. Robinson Worldwide by 0.6% in the second quarter. Rockland Trust Co. now owns 110,876 shares of the transportation company’s stock worth $7,615,000 after buying an additional 618 shares during the last quarter. JLB & Associates Inc. acquired a new position in shares of C.H. Robinson Worldwide during the second quarter worth approximately $520,000. Finally, Korea Investment CORP boosted its position in shares of C.H. Robinson Worldwide by 8.7% in the second quarter. Korea Investment CORP now owns 78,526 shares of the transportation company’s stock worth $5,393,000 after buying an additional 6,279 shares during the last quarter. Institutional investors own 87.34% of the company’s stock.

C.H. Robinson Worldwide, Inc. (CHRW) opened at 66.13 on Thursday. The firm has a 50 day moving average of $67.22 and a 200-day moving average of $72.55. C.H. Robinson Worldwide, Inc. has a 52-week low of $63.41 and a 52-week high of $81.16. The stock has a market cap of $9.33 billion, a PE ratio of 19.39 and a beta of 0.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) 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 the consensus estimate of $3.63 billion. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. C.H. Robinson Worldwide’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post $3.31 earnings per share for the current fiscal year.

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A number of brokerages recently commented on CHRW. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. BMO Capital Markets upgraded shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $70.00 to $72.00 in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Morgan Stanley reiterated an “underweight” rating and issued a $55.00 target price (down previously from $57.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 25th. Deutsche Bank AG decreased their target price on shares of C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, July 21st. Finally, Cowen and Company decreased their target price on shares of C.H. Robinson Worldwide from $73.00 to $68.00 and set a “market perform” rating on the stock in a research report on Friday, July 21st. Five 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. The company has a consensus rating of “Hold” and a consensus price target of $70.10.

About C.H. Robinson Worldwide

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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