Butensky & Cohen Financial Security Inc. reduced its stake in shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,875 shares of the company’s stock after selling 1,065 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in C.H. Robinson Worldwide were worth $1,327,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Integrated Investment Consultants LLC raised its position in shares of C.H. Robinson Worldwide by 176.2% in the second quarter. Integrated Investment Consultants LLC now owns 1,450 shares of the company’s stock valued at $108,000 after buying an additional 925 shares during the last quarter. JLB & Associates Inc. bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at $215,000. Cleararc Capital Inc. raised its position in shares of C.H. Robinson Worldwide by 0.3% in the first quarter. Cleararc Capital Inc. now owns 3,512 shares of the company’s stock valued at $261,000 after buying an additional 9 shares during the last quarter. Prudential PLC bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at $289,000. Finally, NEXT Financial Group Inc raised its position in shares of C.H. Robinson Worldwide by 48.5% in the second quarter. NEXT Financial Group Inc now owns 4,131 shares of the company’s stock valued at $306,000 after buying an additional 1,350 shares during the last quarter. 82.49% of the stock is currently owned by institutional investors.

Shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) traded down 0.37% on Monday, reaching $67.28. 822,015 shares of the company were exchanged. C.H. Robinson Worldwide Inc. has a 12-month low of $59.71 and a 12-month high of $76.10. The firm has a market capitalization of $9.60 billion, a PE ratio of 18.33 and a beta of 0.30. The stock’s 50-day moving average is $69.14 and its 200 day moving average is $71.97.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, July 26th. The company reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.42 billion. C.H. Robinson Worldwide had a return on equity of 44.60% and a net margin of 4.06%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. On average, analysts forecast that C.H. Robinson Worldwide Inc. will post $3.69 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.72 annualized dividend and a yield of 2.56%. C.H. Robinson Worldwide’s payout ratio is 46.87%.

Several brokerages have recently weighed in on CHRW. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Citigroup Inc. downgraded shares of C.H. Robinson Worldwide to a “market perform” rating in a research note on Monday, July 18th. They noted that the move was a valuation call. RBC Capital Markets restated an “outperform” rating and issued a $76.00 price target (down from $80.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 28th. Royal Bank Of Canada decreased their price target on shares of C.H. Robinson Worldwide from $80.00 to $76.00 and set an “outperform” rating on the stock in a research note on Thursday, July 28th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $81.00 price target (up from $79.00) on shares of C.H. Robinson Worldwide in a research note on Sunday, September 4th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $75.00.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers.

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