HighTower Advisors LLC lowered its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,118 shares of the transportation company’s stock after selling 1,135 shares during the period. HighTower Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $2,003,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of 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 purchasing an additional 10,182,922 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of 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 valued at $289,039,000 after purchasing an additional 4,156,590 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of 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 valued at $1,169,345,000 after purchasing an additional 570,800 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of 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 valued at $54,513,000 after purchasing an additional 498,362 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of C.H. Robinson Worldwide by 12.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,485,754 shares of the transportation company’s stock valued at $239,401,000 after purchasing an additional 389,642 shares during the last quarter. 90.10% of the stock is 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 stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total value of $82,464.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.85% of the company’s stock.

C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) opened at 76.52 on Monday. C.H. Robinson Worldwide, Inc. has a one year low of $63.41 and a one year high of $81.16. The company has a market cap of $10.74 billion, a P/E ratio of 22.44 and a beta of 0.41. The company has a 50-day moving average of $72.37 and a 200 day moving average of $70.78. C.H. Robinson Worldwide also was the recipient of some unusual options trading activity on Friday. Investors bought 10,691 call options on the company. This represents an increase of approximately 554% compared to the average daily volume of 1,634 call options.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). The firm had revenue of $3.71 billion during 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 business’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post $3.28 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.94%.

Several research firms recently issued reports on CHRW. BMO Capital Markets lowered shares of C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $72.00 to $77.00 in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Barclays PLC lifted their price objective on shares of C.H. Robinson Worldwide from $67.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday, October 2nd. KeyCorp reaffirmed a “buy” rating and issued a $78.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, September 26th. Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, September 26th. Finally, UBS AG raised shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $65.00 to $75.00 in a research note on Tuesday, September 5th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. C.H. Robinson Worldwide presently has an average rating of “Hold” and an average price target of $72.83.

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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