Van ECK Associates Corp boosted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 8,652.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 224,141 shares of the transportation company’s stock after purchasing an additional 221,580 shares during the period. Van ECK Associates Corp owned about 0.16% of C.H. Robinson Worldwide worth $15,394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IHT Wealth Management LLC grew its position in C.H. Robinson Worldwide by 3.5% in the first quarter. IHT Wealth Management LLC now owns 2,645 shares of the transportation company’s stock worth $202,000 after acquiring an additional 89 shares in the last quarter. Pacer Advisors Inc. grew its position in C.H. Robinson Worldwide by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,649 shares of the transportation company’s stock worth $205,000 after acquiring an additional 79 shares in the last quarter. NEXT Financial Group Inc grew its position in C.H. Robinson Worldwide by 7.8% in the second quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock worth $199,000 after acquiring an additional 209 shares in the last quarter. Mirador Capital Partners LP bought a new stake in C.H. Robinson Worldwide in the first quarter worth approximately $232,000. Finally, Sawtooth Solutions LLC grew its position in C.H. Robinson Worldwide by 2.5% in the second quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock worth $208,000 after acquiring an additional 73 shares in the last quarter. 90.10% of the stock is currently owned by hedge funds and other institutional investors.

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C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) opened at 73.00 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 $10.25 billion, a PE ratio of 21.41 and a beta of 0.41. The stock has a 50 day moving average of $69.19 and a 200-day moving average of $71.02.

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 $3.29 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 2.47%. The ex-dividend date of this dividend is Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.94%.

CHRW has been the subject of several recent research reports. 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 for the company in a research report on Friday, July 21st. BidaskClub raised shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research downgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Stephens raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $73.00 to $90.00 in a research report on Wednesday, August 30th. Finally, Bank of America Corporation decreased 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 report on Thursday, July 20th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $71.75.

In other news, VP Angela K. Freeman sold 1,200 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.85% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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