Grimes & Company Inc. lowered its position in C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 110,191 shares of the company’s stock after selling 1,747 shares during the period. C.H. Robinson Worldwide makes up 1.1% of Grimes & Company Inc.’s portfolio, making the stock its 17th largest position. Grimes & Company Inc. owned approximately 0.08% of C.H. Robinson Worldwide worth $8,181,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in C.H. Robinson Worldwide during the first quarter worth about $37,695,000. Geode Capital Management LLC increased its stake in C.H. Robinson Worldwide by 5.8% in the first quarter. Geode Capital Management LLC now owns 1,261,817 shares of the company’s stock worth $93,489,000 after buying an additional 68,732 shares during the period. CWM LLC increased its stake in C.H. Robinson Worldwide by 10.7% in the second quarter. CWM LLC now owns 266,086 shares of the company’s stock worth $19,757,000 after buying an additional 25,729 shares during the period. Wellington Management Group LLP increased its stake in C.H. Robinson Worldwide by 7,741.2% in the first quarter. Wellington Management Group LLP now owns 897,817 shares of the company’s stock worth $66,645,000 after buying an additional 886,367 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new stake in C.H. Robinson Worldwide during the first quarter worth about $450,000. Institutional investors and hedge funds own 82.49% of the company’s stock.

Shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) traded up 1.13% during midday trading on Tuesday, reaching $68.04. 1,007,592 shares of the company’s stock traded hands. C.H. Robinson Worldwide Inc. has a one year low of $59.71 and a one year high of $76.10. The stock’s 50-day moving average price is $69.11 and its 200 day moving average price is $71.93. The firm has a market capitalization of $9.71 billion, a PE ratio of 18.53 and a beta of 0.30.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, July 26th. The company reported $1.00 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 net margin of 4.06% and a return on equity of 44.60%. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. On average, equities research analysts expect that C.H. Robinson Worldwide Inc. will post $3.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.53%. The ex-dividend date is Wednesday, August 31st. C.H. Robinson Worldwide’s dividend payout ratio is currently 46.87%.

Several equities analysts have recently weighed in on CHRW shares. Stifel Nicolaus reiterated a “buy” rating and issued a $81.00 target price (up previously from $79.00) on shares of C.H. Robinson Worldwide in a research note on Sunday, September 4th. Barclays PLC downgraded shares of C.H. Robinson Worldwide from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $78.00 to $72.00 in a research note on Monday, September 12th. JPMorgan Chase & Co. started coverage on shares of C.H. Robinson Worldwide in a research note on Monday, July 11th. They issued an “underweight” rating and a $66.00 target price for the company. Raymond James Financial Inc. reiterated a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Monday, July 18th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $76.00 target price (down previously from $80.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 28th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus target price of $75.00.

About C.H. Robinson Worldwide

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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