NEXT Financial Group Inc boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,895 shares of the transportation company’s stock after buying an additional 209 shares during the period. NEXT Financial Group Inc’s holdings in C.H. Robinson Worldwide were worth $199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHRW. TrimTabs Asset Management LLC increased its stake in shares of C.H. Robinson Worldwide by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,511 shares of the transportation company’s stock valued at $117,000 after buying an additional 712 shares in the last quarter. IFP Advisors Inc increased its stake in shares of C.H. Robinson Worldwide by 4.8% in the first quarter. IFP Advisors Inc now owns 1,609 shares of the transportation company’s stock valued at $124,000 after buying an additional 73 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in shares of C.H. Robinson Worldwide by 8.5% in the first quarter. Integrated Investment Consultants LLC now owns 1,925 shares of the transportation company’s stock valued at $149,000 after buying an additional 150 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of C.H. Robinson Worldwide by 6.6% in the first quarter. Van ECK Associates Corp now owns 2,561 shares of the transportation company’s stock valued at $198,000 after buying an additional 159 shares in the last quarter. Finally, Hollencrest Securities LLC bought a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at about $200,000. 87.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) traded up 0.32% during trading on Tuesday, hitting $66.75. 1,668,301 shares of the stock traded hands. The firm has a 50 day moving average price of $67.48 and a 200-day moving average price of $72.71. C.H. Robinson Worldwide, Inc. has a one year low of $63.41 and a one year high of $81.16. The company has a market cap of $9.42 billion, a PE ratio of 19.57 and a beta of 0.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results 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 return on equity of 37.41% and a net margin of 3.49%. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter last year, the business earned $1.00 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post $3.31 earnings per share for the current fiscal year.

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Several analysts recently issued reports on CHRW shares. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a report on Monday, May 15th. Deutsche Bank AG lowered their price target on C.H. Robinson Worldwide from $80.00 to $75.00 and set a “hold” rating for the company in a report on Friday, April 28th. Barclays PLC reiterated a “hold” rating and issued a $73.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, April 27th. Stifel Nicolaus lowered their price target on C.H. Robinson Worldwide from $71.00 to $67.00 and set a “hold” rating for the company in a report on Thursday, July 20th. Finally, Cowen and Company lowered their price target on C.H. Robinson Worldwide from $73.00 to $68.00 and set a “market perform” rating for the company in a report on Friday, July 21st. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price 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.

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

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