Twin Capital Management Inc. boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,382 shares of the transportation company’s stock after buying an additional 814 shares during the period. Twin Capital Management Inc.’s holdings in C.H. Robinson Worldwide were worth $1,056,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of C.H. Robinson Worldwide by 2.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 411,443 shares of the transportation company’s stock valued at $28,258,000 after buying an additional 8,814 shares in the last quarter. GAM Holding AG boosted its stake in shares of C.H. Robinson Worldwide by 5.5% in the second quarter. GAM Holding AG now owns 39,146 shares of the transportation company’s stock valued at $2,689,000 after buying an additional 2,041 shares in the last quarter. RiverPoint Capital Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 8.5% in the second quarter. RiverPoint Capital Management LLC now owns 5,115 shares of the transportation company’s stock valued at $351,000 after buying an additional 400 shares in the last quarter. Cadence Capital Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 27.7% in the second quarter. Cadence Capital Management LLC now owns 21,670 shares of the transportation company’s stock valued at $1,488,000 after buying an additional 4,706 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 8,008.8% in the second quarter. First Eagle Investment Management LLC now owns 4,208,490 shares of the transportation company’s stock valued at $289,039,000 after buying an additional 4,156,590 shares in the last quarter. Institutional investors and hedge funds own 90.70% of the company’s stock.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) opened at 69.07 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $63.41 and a 12 month high of $81.16. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 20.26 and a beta of 0.44. The company’s 50-day moving average price is $67.00 and its 200 day moving average price is $71.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly 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 company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the previous year, the business posted $1.00 EPS. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. Analysts predict that C.H. Robinson Worldwide, Inc. will post $3.31 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.61%. C.H. Robinson Worldwide’s payout ratio is 52.94%.

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Several brokerages have weighed in on CHRW. Cowen and Company reiterated a “hold” rating and issued a $68.00 target price on shares of C.H. Robinson Worldwide in a report on Friday. BidaskClub upgraded C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. BMO Capital Markets upgraded C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $70.00 to $72.00 in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Morgan Stanley restated an “underweight” rating and set a $55.00 price objective (down from $57.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG decreased 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. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average price target of $70.10.

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

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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