AIMZ Investment Advisors LLC lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,671 shares of the transportation company’s stock after selling 1,245 shares during the quarter. C.H. Robinson Worldwide makes up approximately 3.0% of AIMZ Investment Advisors LLC’s holdings, making the stock its 3rd biggest holding. AIMZ Investment Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $3,549,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CHRW. BlackRock Inc. grew its holdings in C.H. Robinson Worldwide by 3,092.5% during the 1st quarter. BlackRock Inc. now owns 10,512,195 shares of the transportation company’s stock worth $812,488,000 after acquiring an additional 10,182,922 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in C.H. Robinson Worldwide by 8,008.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 4,208,490 shares of the transportation company’s stock worth $289,039,000 after acquiring an additional 4,156,590 shares during the last quarter. Harris Associates L P grew its holdings in C.H. Robinson Worldwide by 273.2% during the 2nd quarter. Harris Associates L P now owns 1,027,045 shares of the transportation company’s stock worth $70,537,000 after acquiring an additional 751,820 shares during the last quarter. Vanguard Group Inc. lifted its position in C.H. Robinson Worldwide by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 15,129,330 shares of the transportation company’s stock valued at $1,169,345,000 after purchasing an additional 570,800 shares during the period. Finally, Janus Henderson Group PLC lifted its position in C.H. Robinson Worldwide by 3,618.9% during the 2nd quarter. Janus Henderson Group PLC now owns 566,205 shares of the transportation company’s stock valued at $38,887,000 after purchasing an additional 550,980 shares during the period. 90.10% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on CHRW. Bank of America Corporation upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their target price for the company from $70.00 to $86.00 in a research report on Tuesday. BMO Capital Markets downgraded shares of C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and upped their target price for the company from $72.00 to $77.00 in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Barclays PLC upped their target price on shares of C.H. Robinson Worldwide from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. KeyCorp restated a “buy” rating and set a $78.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $74.53.

In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the business’s stock in a transaction that occurred on 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 document filed with the SEC, which is available through the SEC website. 0.85% of the stock is currently owned by insiders.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) traded down 0.61% during mid-day trading on Wednesday, hitting $76.62. 332,931 shares of the company were exchanged. C.H. Robinson Worldwide, Inc. has a 12-month low of $63.41 and a 12-month high of $81.16. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 22.40 and a beta of 0.42. The firm has a 50 day moving average of $72.91 and a 200 day moving average of $70.65.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results 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). 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 during the quarter, compared to analyst estimates of $3.63 billion. During the same period last year, the firm posted $1.00 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post $3.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.94%.

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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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