CIBC Asset Management Inc increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,496 shares of the transportation company’s stock after buying an additional 19 shares during the period. CIBC Asset Management Inc’s holdings in C.H. Robinson Worldwide were worth $1,270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of C.H. Robinson Worldwide by 3.9% in the first quarter. Vanguard Group Inc. now owns 15,129,330 shares of the transportation company’s stock valued at $1,169,345,000 after buying an additional 570,800 shares during the period. BlackRock Inc. raised its position in shares of C.H. Robinson Worldwide by 3,092.5% in the first quarter. BlackRock Inc. now owns 10,512,195 shares of the transportation company’s stock valued at $812,488,000 after buying an additional 10,182,922 shares during the period. FMR LLC raised its position in shares of C.H. Robinson Worldwide by 10.2% in the first quarter. FMR LLC now owns 5,091,485 shares of the transportation company’s stock valued at $393,521,000 after buying an additional 472,798 shares during the period. Geode Capital Management LLC raised its position in shares of C.H. Robinson Worldwide by 8.2% in the first quarter. Geode Capital Management LLC now owns 1,584,462 shares of the transportation company’s stock valued at $122,312,000 after buying an additional 120,582 shares during the period. Finally, Clarkston Capital Partners LLC raised its position in shares of C.H. Robinson Worldwide by 23.6% in the second quarter. Clarkston Capital Partners LLC now owns 1,075,071 shares of the transportation company’s stock valued at $73,836,000 after buying an additional 205,205 shares during the period. Institutional investors and hedge funds own 87.34% of the company’s stock.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) opened at 66.11 on Friday. C.H. Robinson Worldwide, Inc. has a 12 month low of $63.41 and a 12 month high of $81.16. The company’s 50-day moving average is $67.19 and its 200 day moving average is $72.50. The stock has a market capitalization of $9.28 billion, a P/E ratio of 19.39 and a beta of 0.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.12. The firm had revenue of $3.71 billion during 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 business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post $3.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.72%. C.H. Robinson Worldwide’s dividend payout ratio is presently 52.94%.

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A number of analysts have recently weighed in on CHRW shares. Credit Suisse Group reaffirmed a “sell” rating and issued a $75.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, April 27th. Morgan Stanley reaffirmed an “underweight” rating and issued a $55.00 target price (down from $57.00) on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 25th. Bank of America Corporation reduced their target price on shares of C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, July 20th. BidaskClub raised shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 target price on the stock in a research report on Monday, May 15th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $70.10.

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.

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

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