Stonebridge Capital Advisors LLC increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,850 shares of the transportation company’s stock after purchasing an additional 400 shares during the period. Stonebridge Capital Advisors LLC’s holdings in C.H. Robinson Worldwide were worth $264,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in C.H. Robinson Worldwide by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 15,399,851 shares of the transportation company’s stock worth $1,057,661,000 after purchasing an additional 270,521 shares during the last quarter. BlackRock Inc. raised its position in C.H. Robinson Worldwide by 3.6% in the 2nd quarter. BlackRock Inc. now owns 10,889,921 shares of the transportation company’s stock worth $747,922,000 after purchasing an additional 377,726 shares during the last quarter. Capital International Investors raised its position in C.H. Robinson Worldwide by 5.7% in the 2nd quarter. Capital International Investors now owns 8,678,462 shares of the transportation company’s stock worth $596,037,000 after purchasing an additional 469,829 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. Finally, Bank of New York Mellon Corp raised its position in 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 worth $239,401,000 after purchasing an additional 389,642 shares during the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.

In other news, VP Angela K. Freeman sold 1,200 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.85% of the company’s stock.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) traded down 0.175% during trading on Wednesday, reaching $76.955. 214,042 shares of the company were exchanged. The stock’s 50-day moving average is $72.91 and its 200-day moving average is $70.65. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of 22.501 and a beta of 0.42. 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 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.63 billion. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The company’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 earnings per share. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post $3.28 earnings per share for the current fiscal year.

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

TRADEMARK VIOLATION NOTICE: “C.H. Robinson Worldwide, Inc. (CHRW) Shares Bought by Stonebridge Capital Advisors LLC” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/10/11/c-h-robinson-worldwide-inc-chrw-shares-bought-by-stonebridge-capital-advisors-llc.html.

Several research analysts recently weighed in on the stock. 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. Citigroup Inc. dropped their target price on shares of C.H. Robinson Worldwide from $80.00 to $73.00 and set a “neutral” rating for the company in a research report on Thursday, July 13th. Cowen and Company reiterated a “hold” rating and set a $68.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, August 25th. BMO Capital Markets upgraded shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and upped their target price for the company from $70.00 to $72.00 in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Barclays PLC reiterated a “hold” rating and set a $67.00 target price (down previously from $73.00) on shares of C.H. Robinson Worldwide in a research report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $74.53.

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.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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