First Trust Advisors LP raised its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 9.2% during the second quarter, Holdings Channel reports. The institutional investor owned 432,735 shares of the transportation company’s stock after buying an additional 36,501 shares during the period. First Trust Advisors LP’s holdings in C.H. Robinson Worldwide were worth $29,720,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Speece Thorson Capital Group Inc. increased its position in C.H. Robinson Worldwide by 2.9% in the first quarter. Speece Thorson Capital Group Inc. now owns 86,094 shares of the transportation company’s stock worth $6,654,000 after buying an additional 2,427 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in C.H. Robinson Worldwide by 5.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,777 shares of the transportation company’s stock worth $273,000 after buying an additional 188 shares in the last quarter. Nicolet Bankshares Inc. acquired a new position in C.H. Robinson Worldwide during the first quarter worth $209,000. Hollencrest Securities LLC acquired a new position in C.H. Robinson Worldwide during the first quarter worth $200,000. Finally, Nationwide Fund Advisors increased its position in C.H. Robinson Worldwide by 1.6% in the first quarter. Nationwide Fund Advisors now owns 39,600 shares of the transportation company’s stock worth $3,061,000 after buying an additional 635 shares in the last quarter. Institutional investors and hedge funds own 90.70% of the company’s stock.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) opened at 68.02 on Wednesday. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 19.95 and a beta of 0.44. The firm has a 50-day moving average of $67.16 and a 200 day moving average of $72.28. C.H. Robinson Worldwide, Inc. has a 52-week low of $63.41 and a 52-week high of $81.16.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Wednesday, August 30th. C.H. Robinson Worldwide’s payout ratio is presently 52.94%.

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A number of research firms have recently weighed in on CHRW. Deutsche Bank AG cut their price target on shares of C.H. Robinson Worldwide from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Barclays PLC restated a “hold” rating and set a $73.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, April 27th. Credit Suisse Group restated a “sell” rating and set a $75.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, April 27th. Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 price target on the stock in a report on Friday, May 5th. Finally, BidaskClub upgraded shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently 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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