Bridgewater Associates LP acquired a new stake in shares of 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 acquired 126,169 shares of the transportation company’s stock, valued at approximately $8,665,000. Bridgewater Associates LP owned about 0.09% of C.H. Robinson Worldwide at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dynamic Advisors Solutions LLC boosted its stake in C.H. Robinson Worldwide by 0.4% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 8,222 shares of the transportation company’s stock valued at $565,000 after acquiring an additional 35 shares during the last quarter. New Amsterdam Partners LLC NY boosted its stake in C.H. Robinson Worldwide by 0.7% during the 2nd quarter. New Amsterdam Partners LLC NY now owns 5,844 shares of the transportation company’s stock valued at $401,000 after acquiring an additional 40 shares during the last quarter. Lincoln Capital LLC boosted its stake in C.H. Robinson Worldwide by 0.5% during the 2nd quarter. Lincoln Capital LLC now owns 10,085 shares of the transportation company’s stock valued at $693,000 after acquiring an additional 49 shares during the last quarter. Sawtooth Solutions LLC boosted its stake in C.H. Robinson Worldwide by 2.5% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock valued at $208,000 after acquiring an additional 73 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in C.H. Robinson Worldwide by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,649 shares of the transportation company’s stock valued at $205,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.

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CHRW has been the topic of a number of research reports. Citigroup Inc. dropped their target price on shares of C.H. Robinson Worldwide from $80.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, July 13th. BidaskClub cut shares of C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Barclays PLC reissued a “hold” rating and set a $67.00 target price (down from $73.00) on shares of C.H. Robinson Worldwide in a report on Friday, July 21st. Cowen and Company dropped 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 report on Friday, July 21st. Finally, Deutsche Bank AG dropped 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 report on Friday, July 21st. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $71.75.

C.H. Robinson Worldwide, Inc. (CHRW) traded down 1.49% during trading on Thursday, hitting $71.20. 675,208 shares of the stock traded hands. 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 $10.00 billion, a P/E ratio of 20.88 and a beta of 0.41. The firm’s 50-day moving average is $68.30 and its 200 day moving average is $71.32.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data 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 for 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%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post $3.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 annualized dividend and a yield of 2.49%. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.94%.

In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.85% of the company’s stock.

C.H. Robinson Worldwide 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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