NGAM Advisors L.P. raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 34.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,707 shares of the transportation company’s stock after buying an additional 10,619 shares during the period. NGAM Advisors L.P.’s holdings in C.H. Robinson Worldwide were worth $2,864,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of C.H. Robinson Worldwide by 29.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,486 shares of the transportation company’s stock worth $810,000 after buying an additional 2,368 shares during the period. Korea Investment CORP increased its position in shares of C.H. Robinson Worldwide by 63.6% in the first quarter. Korea Investment CORP now owns 72,247 shares of the transportation company’s stock worth $5,584,000 after buying an additional 28,079 shares during the period. Teachers Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 160,213 shares of the transportation company’s stock worth $11,737,000 after buying an additional 668 shares during the period. United Capital Financial Advisers LLC increased its position in shares of C.H. Robinson Worldwide by 25.8% in the first quarter. United Capital Financial Advisers LLC now owns 104,818 shares of the transportation company’s stock worth $8,101,000 after buying an additional 21,502 shares during the period. Finally, CWM LLC increased its position in shares of C.H. Robinson Worldwide by 14.7% in the first quarter. CWM LLC now owns 417,491 shares of the transportation company’s stock worth $32,268,000 after buying an additional 53,651 shares during the period. 87.34% of the stock is owned by institutional investors and hedge funds.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) opened at 66.11 on Friday. C.H. Robinson Worldwide, Inc. has a 12-month low of $63.41 and a 12-month high of $81.16. The company has a 50 day moving average price of $67.19 and a 200-day moving average price of $72.50. The firm has a market cap of $9.28 billion, a PE ratio of 19.39 and a beta of 0.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly 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 company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.63 billion. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. C.H. Robinson Worldwide’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 EPS. Analysts expect that C.H. Robinson Worldwide, Inc. will post $3.31 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.72%. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.94%.

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CHRW has been the subject of a number of analyst reports. Deutsche Bank AG cut their target price on C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, July 21st. Credit Suisse Group reissued a “sell” rating and set a $75.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Zacks Investment Research downgraded C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Vertical Research raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 target price for the company in a research note on Friday, May 5th. Finally, Bank of America Corporation cut their target price on C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating for the company in a research note on Thursday, July 20th. 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 stock. The company 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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