Bright Rock Capital Management LLC continued to hold its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the second quarter, Holdings Channel reports. The firm owned 61,000 shares of the transportation company’s stock at the end of the second quarter. Bright Rock Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $4,189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of C.H. Robinson Worldwide by 29.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,486 shares of the transportation company’s stock worth $810,000 after buying an additional 2,368 shares during the last quarter. Korea Investment CORP boosted its position in shares of C.H. Robinson Worldwide by 63.6% in the first quarter. Korea Investment CORP now owns 72,247 shares of the transportation company’s stock worth $5,584,000 after buying an additional 28,079 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 160,213 shares of the transportation company’s stock worth $11,737,000 after buying an additional 668 shares during the last quarter. United Capital Financial Advisers LLC boosted its position in shares of C.H. Robinson Worldwide by 25.8% in the first quarter. United Capital Financial Advisers LLC now owns 104,818 shares of the transportation company’s stock worth $8,101,000 after buying an additional 21,502 shares during the last quarter. Finally, CWM LLC boosted its position in shares of C.H. Robinson Worldwide by 14.7% in the first quarter. CWM LLC now owns 417,491 shares of the transportation company’s stock worth $32,268,000 after buying an additional 53,651 shares during the last quarter. Institutional investors and hedge funds own 87.34% of the company’s stock.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) opened at 66.13 on Thursday. 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 capitalization of $9.33 billion, a P/E ratio of 19.39 and a beta of 0.44. The company has a 50 day moving average price of $67.22 and a 200-day moving average price of $72.55.

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. 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 analyst estimates of $3.63 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post $3.31 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Bright Rock Capital Management LLC Has $4,189,000 Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/10/bright-rock-capital-management-llc-has-4189000-stake-in-c-h-robinson-worldwide-inc-nasdaqchrw.html.

CHRW has been the subject of a number of recent research reports. Deutsche Bank AG lowered their price objective on C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, July 21st. Credit Suisse Group restated a “sell” rating and issued a $75.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Zacks Investment Research cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. 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 research note on Friday, May 5th. Finally, Bank of America Corporation decreased their price target on C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating for the company in a research note on Thursday, July 20th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $70.10.

C.H. Robinson Worldwide Company 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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