Oppenheimer Asset Management Inc. grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 111.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,438 shares of the transportation company’s stock after buying an additional 7,090 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in C.H. Robinson Worldwide were worth $922,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Dynamic Advisors Solutions LLC lifted its position in C.H. Robinson Worldwide by 0.4% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 8,222 shares of the transportation company’s stock worth $565,000 after buying an additional 35 shares in the last quarter. New Amsterdam Partners LLC NY lifted its position in C.H. Robinson Worldwide by 0.7% during the 2nd quarter. New Amsterdam Partners LLC NY now owns 5,844 shares of the transportation company’s stock worth $401,000 after buying an additional 40 shares in the last quarter. Lincoln Capital LLC lifted its position in C.H. Robinson Worldwide by 0.5% during the 2nd quarter. Lincoln Capital LLC now owns 10,085 shares of the transportation company’s stock worth $693,000 after buying an additional 49 shares in the last quarter. IFP Advisors Inc lifted its position in C.H. Robinson Worldwide by 4.8% during the 1st quarter. IFP Advisors Inc now owns 1,609 shares of the transportation company’s stock worth $124,000 after buying an additional 73 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in C.H. Robinson Worldwide by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,649 shares of the transportation company’s stock worth $205,000 after buying an additional 79 shares in the last quarter. 90.10% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) opened at 72.83 on Tuesday. The company has a 50-day moving average of $67.95 and a 200-day moving average of $71.37. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 21.36 and a beta of 0.41. C.H. Robinson Worldwide, Inc. has a 52 week low of $63.41 and a 52 week high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by $0.12. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.63 billion. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. C.H. Robinson Worldwide’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post $3.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be paid a $0.45 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.47%. C.H. Robinson Worldwide’s payout ratio is 52.94%.

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Several equities research analysts have commented on CHRW shares. Stephens raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $73.00 to $90.00 in a research report on Wednesday, August 30th. Deutsche Bank AG cut their price target on shares of C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, July 21st. Bank of America Corporation cut their price target on shares of C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, July 20th. Morgan Stanley reissued an “underweight” rating and set a $55.00 price target (down from $57.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 25th. Finally, BidaskClub cut shares of C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $71.75.

In other news, VP Angela K. Freeman sold 1,200 shares of C.H. Robinson Worldwide stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total value of $82,464.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.85% of the stock is owned by company insiders.

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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