Cubist Systematic Strategies LLC purchased a new stake in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 20,202 shares of the transportation company’s stock, valued at approximately $1,690,000.

Several other institutional investors and hedge funds have also modified their holdings of CHRW. Mackay Shields LLC purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $2,199,000. Victory Capital Management Inc. increased its position in shares of C.H. Robinson Worldwide by 16.6% during the first quarter. Victory Capital Management Inc. now owns 36,539 shares of the transportation company’s stock valued at $3,424,000 after acquiring an additional 5,196 shares during the last quarter. Prudential Financial Inc. increased its position in shares of C.H. Robinson Worldwide by 10.7% during the first quarter. Prudential Financial Inc. now owns 218,867 shares of the transportation company’s stock valued at $20,510,000 after acquiring an additional 21,102 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of C.H. Robinson Worldwide by 8.1% during the first quarter. Eagle Asset Management Inc. now owns 454,714 shares of the transportation company’s stock valued at $42,611,000 after acquiring an additional 34,190 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of C.H. Robinson Worldwide by 2.3% during the first quarter. BlackRock Inc. now owns 11,163,127 shares of the transportation company’s stock valued at $1,046,098,000 after acquiring an additional 248,268 shares during the last quarter. 86.00% of the stock is owned by institutional investors.

In other news, insider Angela K. Freeman sold 1,589 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $96.71, for a total value of $153,672.19. Following the completion of the transaction, the insider now directly owns 24,136 shares of the company’s stock, valued at $2,334,192.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ben G. Campbell sold 4,000 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $100.00, for a total value of $400,000.00. The disclosure for this sale can be found here. Insiders sold 46,758 shares of company stock valued at $4,526,546 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Shares of NASDAQ CHRW opened at $100.09 on Friday. C.H. Robinson Worldwide Inc has a 1-year low of $70.23 and a 1-year high of $101.20. The firm has a market cap of $13.73 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 2.46 and a beta of 0.41. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.81 and a quick ratio of 1.81.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, July 31st. The transportation company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.07. C.H. Robinson Worldwide had a return on equity of 38.81% and a net margin of 3.59%. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the company earned $0.78 earnings per share. C.H. Robinson Worldwide’s revenue was up 15.3% compared to the same quarter last year. analysts anticipate that C.H. Robinson Worldwide Inc will post 4.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, September 6th. C.H. Robinson Worldwide’s payout ratio is currently 52.87%.

A number of brokerages recently commented on CHRW. Zacks Investment Research downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Wells Fargo & Co increased their price objective on C.H. Robinson Worldwide from $92.00 to $97.00 and gave the company a “market perform” rating in a report on Wednesday, August 22nd. Bank of America lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating in a report on Thursday, August 9th. Finally, Stifel Nicolaus set a $106.00 price objective on C.H. Robinson Worldwide and gave the company a “buy” rating in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. C.H. Robinson Worldwide has a consensus rating of “Hold” and an average price target of $93.73.

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 three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. 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, which is 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 provides door-to-door services.

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

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