Accredited Investors Inc. held its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the second quarter, Holdings Channel reports. The institutional investor owned 76,570 shares of the transportation company’s stock at the end of the second quarter. C.H. Robinson Worldwide makes up approximately 1.4% of Accredited Investors Inc.’s investment portfolio, making the stock its 13th largest position. Accredited Investors Inc.’s holdings in C.H. Robinson Worldwide were worth $5,259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position 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 period. BlackRock Inc. increased its position 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 period. FMR LLC increased its position 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 period. Geode Capital Management LLC increased its position 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 period. Finally, Clarkston Capital Partners LLC increased its position 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 period. Institutional investors own 87.34% of the company’s stock.

C.H. Robinson Worldwide, Inc. (NASDAQ: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 50-day moving average of $67.14 and a 200 day moving average of $72.45. The company has a market capitalization of $9.21 billion, a P/E ratio of 19.25 and a beta of 0.44.

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

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

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CHRW has been the topic of a number of research analyst reports. Credit Suisse Group restated a “sell” rating and set a $75.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, April 27th. Morgan Stanley restated 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 report on Tuesday, July 25th. Bank of America Corporation lowered 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 report on Thursday, July 20th. 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. Finally, Vertical Research upgraded 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 report on Monday, May 15th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock currently 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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