Northern Trust Corp grew its position in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,221,535 shares of the transportation company’s stock after buying an additional 46,567 shares during the quarter. Northern Trust Corp’s holdings in C.H. Robinson Worldwide were worth $187,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. D.B. Root & Company LLC increased its position in shares of C.H. Robinson Worldwide by 2.5% during the 2nd quarter. D.B. Root & Company LLC now owns 5,206 shares of the transportation company’s stock valued at $439,000 after purchasing an additional 127 shares during the last quarter. Mason Street Advisors LLC grew its position in C.H. Robinson Worldwide by 0.7% during the first quarter. Mason Street Advisors LLC now owns 19,524 shares of the transportation company’s stock valued at $1,698,000 after buying an additional 138 shares during the period. H D Vest Advisory Services grew its position in C.H. Robinson Worldwide by 1.8% during the second quarter. H D Vest Advisory Services now owns 8,384 shares of the transportation company’s stock valued at $707,000 after buying an additional 150 shares during the period. Archford Capital Strategies LLC grew its position in C.H. Robinson Worldwide by 5.5% during the first quarter. Archford Capital Strategies LLC now owns 3,523 shares of the transportation company’s stock valued at $306,000 after buying an additional 183 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in C.H. Robinson Worldwide by 0.9% during the second quarter. Sequoia Financial Advisors LLC now owns 22,529 shares of the transportation company’s stock valued at $1,900,000 after buying an additional 207 shares during the last quarter. 90.80% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Ben G. Campbell sold 20,425 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $84.00, for a total transaction of $1,715,700.00. Following the sale, the insider now directly owns 43,006 shares in the company, valued at approximately $3,612,504. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 16,356 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $84.88, for a total transaction of $1,388,297.28. Following the sale, the insider now owns 47,594 shares in the company, valued at $4,039,778.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,173 shares of company stock valued at $3,825,122. Company insiders own 1.65% of the company’s stock.

Shares of CHRW stock traded up $1.53 during trading hours on Wednesday, reaching $88.23. 94,633 shares of the company traded hands, compared to its average volume of 1,079,862. The firm has a 50-day moving average price of $83.66 and a 200 day moving average price of $84.84. The company has a market cap of $11.28 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.94 and a beta of 0.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.81 and a quick ratio of 1.81. C.H. Robinson Worldwide Inc has a 12-month low of $77.72 and a 12-month high of $101.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. C.H. Robinson Worldwide had a net margin of 4.31% and a return on equity of 42.88%. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period in the prior year, the firm posted $1.13 EPS. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. Sell-side analysts predict that C.H. Robinson Worldwide Inc will post 4.76 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 42.28%.

CHRW has been the topic of several recent research reports. Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research report on Friday, July 26th. BidaskClub downgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Finally, Morgan Stanley set a $65.00 price objective on C.H. Robinson Worldwide and gave the stock a “sell” rating in a research note on Monday, July 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $89.44.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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

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