White Pine Capital LLC continued to hold its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,287 shares of the transportation company’s stock at the close of the second quarter. White Pine Capital LLC’s holdings in C.H. Robinson Worldwide were worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in CHRW. BlackRock Inc. increased its stake in C.H. Robinson Worldwide by 3,092.5% in the 1st quarter. BlackRock Inc. now owns 10,512,195 shares of the transportation company’s stock valued at $812,488,000 after buying an additional 10,182,922 shares during the period. First Eagle Investment Management LLC grew its stake in shares of C.H. Robinson Worldwide by 8,008.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 4,208,490 shares of the transportation company’s stock worth $289,039,000 after purchasing an additional 4,156,590 shares during the period. Vanguard Group Inc. grew its stake in shares of C.H. Robinson Worldwide by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 15,129,330 shares of the transportation company’s stock worth $1,169,345,000 after purchasing an additional 570,800 shares during the period. Alliancebernstein L.P. grew its stake in shares of C.H. Robinson Worldwide by 168.7% during the 2nd quarter. Alliancebernstein L.P. now owns 793,718 shares of the transportation company’s stock worth $54,513,000 after purchasing an additional 498,362 shares during the period. Finally, FMR LLC grew its stake in shares of C.H. Robinson Worldwide by 10.2% during the 1st quarter. FMR LLC now owns 5,091,485 shares of the transportation company’s stock worth $393,521,000 after purchasing an additional 472,798 shares during the period. 90.10% of the stock is currently owned by institutional investors.

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In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.85% of the company’s stock.

A number of research firms have recently weighed in on CHRW. Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 price target on the stock in a research note on Monday, May 15th. BidaskClub raised shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. UBS AG raised shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and upped their price target for the stock from $65.00 to $75.00 in a research note on Tuesday, September 5th. Cowen and Company lowered their price target on shares of C.H. Robinson Worldwide from $73.00 to $68.00 and set a “market perform” rating on the stock in a research note on Friday, July 21st. Finally, Stifel Nicolaus lowered their price target on shares of C.H. Robinson Worldwide from $71.00 to $67.00 and set a “hold” rating on the stock in a research note on Thursday, July 20th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $71.75.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) traded down 1.14% on Monday, hitting $72.90. 173,237 shares of the stock traded hands. The company’s 50 day moving average is $67.88 and its 200 day moving average is $71.54. C.H. Robinson Worldwide, Inc. has a one year low of $63.41 and a one year high of $81.16. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 21.38 and a beta of 0.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing the Zacks’ 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 business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post $3.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.44%. C.H. Robinson Worldwide’s payout ratio is presently 52.94%.

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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