Franklin Resources Inc. purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,974 shares of the transportation company’s stock, valued at approximately $548,000.

Several other large investors have also recently made changes to their positions in the business. Van ECK Associates Corp raised its holdings in shares of C.H. Robinson Worldwide by 6.6% during 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 last quarter. IHT Wealth Management LLC boosted its position in shares of C.H. Robinson Worldwide by 3.5% during the first quarter. IHT Wealth Management LLC now owns 2,645 shares of the transportation company’s stock worth $202,000 after buying an additional 89 shares during the period. Pacer Advisors Inc. boosted its position in shares of C.H. Robinson Worldwide by 3.1% during the first quarter. Pacer Advisors Inc. now owns 2,649 shares of the transportation company’s stock worth $205,000 after buying an additional 79 shares during the period. NEXT Financial Group Inc boosted its position in shares of C.H. Robinson Worldwide by 7.8% during the second quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock worth $199,000 after buying an additional 209 shares during the period. Finally, Mirador Capital Partners LP acquired a new position in shares of C.H. Robinson Worldwide during the first quarter worth approximately $232,000. Institutional investors own 90.10% of the company’s stock.

CHRW has been the subject of a number of recent analyst reports. Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Tuesday, September 26th. KeyCorp reaffirmed a “buy” rating and set a $78.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, September 26th. Barclays PLC lifted their target price on C.H. Robinson Worldwide from $67.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday. Cowen and Company reiterated a “hold” rating and set a $68.00 price target on shares of C.H. Robinson Worldwide in a research report on Friday, August 25th. Finally, Stifel Nicolaus reduced 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 report on Thursday, July 20th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $72.52.

C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) opened at 77.30 on Tuesday. The stock has a 50 day moving average of $71.40 and a 200 day moving average of $70.75. The firm has a market cap of $10.85 billion, a PE ratio of 22.67 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 issued 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). The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.63 billion. C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $1.00 EPS. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post $3.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were given a $0.45 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.33%. C.H. Robinson Worldwide’s payout ratio is 52.94%.

In other C.H. Robinson Worldwide 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is owned by company insiders.

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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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