Northwestern Mutual Wealth Management Co. grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,481 shares of the transportation company’s stock after acquiring an additional 809 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in C.H. Robinson Worldwide were worth $1,132,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position 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 worth $812,488,000 after purchasing an additional 10,182,922 shares during the last quarter. First Eagle Investment Management LLC raised its position in C.H. Robinson Worldwide by 8,008.8% in 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 last quarter. Vanguard Group Inc. raised its position in C.H. Robinson Worldwide by 3.9% in 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 last quarter. Alliancebernstein L.P. raised its position in C.H. Robinson Worldwide by 168.7% in 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 last quarter. Finally, FMR LLC raised its position in C.H. Robinson Worldwide by 10.2% in 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 last quarter. Institutional investors own 90.10% of the company’s stock.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) opened at 72.79 on Wednesday. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 21.35 and a beta of 0.41. C.H. Robinson Worldwide, Inc. has a 12-month low of $63.41 and a 12-month high of $81.16. The firm’s 50-day moving average is $68.09 and its 200-day moving average is $71.38.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.12). C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same period last year, the firm earned $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 $3.29 earnings per share for the current fiscal year.

The firm 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 $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 52.94%.

CHRW has been the subject of several research analyst reports. Deutsche Bank AG dropped their price objective on shares of C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating for the company in a research report on Friday, July 21st. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Stephens upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $73.00 to $90.00 in a research report on Wednesday, August 30th. Finally, Bank of America Corporation dropped their price objective on shares of C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating for the company in a research report on Thursday, July 20th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $71.75.

In other news, VP Angela K. Freeman sold 1,200 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.85% of the company’s stock.

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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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