Advisors Asset Management Inc. raised its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,048 shares of the transportation company’s stock after buying an additional 313 shares during the period. Advisors Asset Management Inc.’s holdings in C.H. Robinson Worldwide were worth $896,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. TrimTabs Asset Management LLC raised its position in 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 during the period. IFP Advisors Inc raised its position in 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 during the period. Van ECK Associates Corp raised its position in 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 during the period. NEXT Financial Group Inc raised its position in C.H. Robinson Worldwide by 7.8% in the second quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock valued at $199,000 after buying an additional 209 shares during the period. Finally, IHT Wealth Management LLC raised its position in C.H. Robinson Worldwide by 3.5% in the first quarter. IHT Wealth Management LLC now owns 2,645 shares of the transportation company’s stock valued at $202,000 after buying an additional 89 shares during the period. 90.08% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide, Inc. (CHRW) opened at 73.06 on Thursday. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 21.43 and a beta of 0.44. The firm’s 50-day moving average is $67.00 and its 200-day moving average is $71.86. C.H. Robinson Worldwide, Inc. has a 1-year low of $63.41 and a 1-year high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.12. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.63 billion. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 earnings per share. On average, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post $3.31 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 52.94%.

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Several research analysts have recently commented on CHRW shares. Vertical Research raised shares of 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. Barclays PLC reaffirmed a “hold” rating and issued a $67.00 price target (down from $73.00) on shares of C.H. Robinson Worldwide in a report on Friday, July 21st. Stifel Nicolaus decreased their price target on shares of 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. Deutsche Bank AG decreased their price target on shares of C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating for the company in a report on Friday, July 21st. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $68.00 price target on shares of C.H. Robinson Worldwide in a report on Friday, August 25th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $71.52.

In other news, VP Angela K. Freeman sold 1,200 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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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