440 Investment Group LLC maintained its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,500 shares of the transportation company’s stock at the end of the second quarter. 440 Investment Group LLC’s holdings in C.H. Robinson Worldwide were worth $652,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CHRW. BlackRock Inc. boosted its position in 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 valued at $812,488,000 after buying an additional 10,182,922 shares during the last quarter. Vanguard Group Inc. boosted its position in 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 valued at $1,169,345,000 after buying an additional 570,800 shares during the last quarter. FMR LLC boosted its position in 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 valued at $393,521,000 after buying an additional 472,798 shares during the last quarter. AXA boosted its position in C.H. Robinson Worldwide by 215.9% in the first quarter. AXA now owns 631,100 shares of the transportation company’s stock valued at $48,778,000 after buying an additional 431,300 shares during the last quarter. Finally, PGGM Investments boosted its position in C.H. Robinson Worldwide by 268.7% in the second quarter. PGGM Investments now owns 421,177 shares of the transportation company’s stock valued at $28,926,000 after buying an additional 306,937 shares during the last quarter. Hedge funds and other institutional investors own 87.34% of the company’s stock.

C.H. Robinson Worldwide, Inc. (CHRW) opened at 65.63 on Friday. C.H. Robinson Worldwide, Inc. has a 52 week low of $63.41 and a 52 week high of $81.16. The firm has a market cap of $9.21 billion, a PE ratio of 19.25 and a beta of 0.44. The stock has a 50 day moving average of $67.14 and a 200-day moving average of $72.45.

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 Zacks’ consensus estimate of $0.90 by $0.12. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the prior year, the business posted $1.00 EPS. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide, Inc. will post $3.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.94%.

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CHRW has been the subject of several research analyst reports. Vertical Research upgraded shares of 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. Deutsche Bank AG cut their target price on shares of C.H. Robinson Worldwide from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Credit Suisse Group reiterated 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. Bank of America Corporation cut their target price on shares of 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. Finally, Barclays PLC reiterated a “hold” rating and set a $73.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Five investment 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 presently has a consensus rating of “Hold” and a consensus target price 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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