Ironwood Investment Counsel LLC raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 22.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,046 shares of the transportation company’s stock after acquiring an additional 6,550 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in C.H. Robinson Worldwide were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CHRW. Nationwide Fund Advisors increased its holdings in C.H. Robinson Worldwide by 1.6% during the 1st quarter. Nationwide Fund Advisors now owns 39,600 shares of the transportation company’s stock valued at $3,061,000 after acquiring an additional 635 shares in the last quarter. American Century Companies Inc. increased its holdings in C.H. Robinson Worldwide by 3.1% during the 1st quarter. American Century Companies Inc. now owns 5,657 shares of the transportation company’s stock valued at $437,000 after acquiring an additional 172 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in C.H. Robinson Worldwide by 8.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 491,877 shares of the transportation company’s stock valued at $38,017,000 after acquiring an additional 39,910 shares in the last quarter. Trexquant Investment LP purchased a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $261,000. Finally, Cadinha & Co. LLC increased its holdings in C.H. Robinson Worldwide by 13.3% during the 1st quarter. Cadinha & Co. LLC now owns 6,800 shares of the transportation company’s stock valued at $526,000 after acquiring an additional 800 shares in 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 subject of several recent research reports. 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 for the company in a report on Friday, July 21st. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a 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 report on Tuesday, June 27th. Stephens upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $73.00 to $90.00 in a report on Wednesday, August 30th. Finally, Bank of America Corporation dropped 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 report on Thursday, July 20th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus target price of $71.75.

In other news, VP Angela K. Freeman sold 1,200 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total value of $82,464.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.85% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.63 billion. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. C.H. Robinson Worldwide’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 EPS.

The firm 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 $0.45 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.46%. C.H. Robinson Worldwide’s dividend payout ratio is 52.94%.

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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