Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 411,443 shares of the transportation company’s stock after buying an additional 8,814 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.29% of C.H. Robinson Worldwide worth $28,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Macquarie Group Ltd. boosted its position in shares of C.H. Robinson Worldwide by 14.9% in the fourth quarter. Macquarie Group Ltd. now owns 10,000 shares of the transportation company’s stock worth $733,000 after buying an additional 1,300 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of C.H. Robinson Worldwide by 7.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 18,925 shares of the transportation company’s stock worth $1,463,000 after buying an additional 1,243 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of C.H. Robinson Worldwide by 1.6% in the first quarter. Nationwide Fund Advisors now owns 39,600 shares of the transportation company’s stock worth $3,061,000 after buying an additional 635 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of C.H. Robinson Worldwide by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,777 shares of the transportation company’s stock worth $273,000 after buying an additional 188 shares during the last quarter. Finally, 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. Institutional investors own 90.08% of the company’s stock.

C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) opened at 71.57 on Wednesday. C.H. Robinson Worldwide, Inc. has a 1-year low of $63.41 and a 1-year high of $81.16. The firm has a market cap of $10.05 billion, a P/E ratio of 20.99 and a beta of 0.44. The firm’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 data on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $3.63 billion. During the same period in the previous year, the firm earned $1.00 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post $3.31 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, August 30th. C.H. Robinson Worldwide’s payout ratio is currently 52.94%.

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A number of research analysts have recently commented 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 research note on Friday, May 5th. Zacks Investment Research cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. BidaskClub upgraded C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Citigroup Inc. dropped their price target on C.H. Robinson Worldwide from $80.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, July 13th. Finally, Stifel Nicolaus dropped their price target on C.H. Robinson Worldwide from $71.00 to $67.00 and set a “hold” 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 assigned a buy rating to the stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus target price of $70.10.

In other news, VP Angela K. Freeman sold 1,200 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Wednesday, August 16th. The shares were 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 hyperlink. 0.85% of the stock is owned by insiders.

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.

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

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