M&T Bank Corp cut its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 30.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,215 shares of the transportation company’s stock after selling 3,554 shares during the quarter. M&T Bank Corp’s holdings in C.H. Robinson Worldwide were worth $564,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CHRW. Van ECK Associates Corp increased its stake in shares of C.H. Robinson Worldwide by 6.6% in the first quarter. Van ECK Associates Corp now owns 2,561 shares of the transportation company’s stock valued at $198,000 after buying an additional 159 shares during the period. NEXT Financial Group Inc increased its stake in shares of C.H. Robinson Worldwide by 7.8% in the second quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock valued at $199,000 after buying an additional 209 shares during the period. IHT Wealth Management LLC increased its stake in shares of C.H. Robinson Worldwide by 3.5% in the first quarter. IHT Wealth Management LLC now owns 2,645 shares of the transportation company’s stock valued at $202,000 after buying an additional 89 shares during the period. Pacer Advisors Inc. increased its stake in shares of C.H. Robinson Worldwide by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,649 shares of the transportation company’s stock valued at $205,000 after buying an additional 79 shares during the period. Finally, Sawtooth Solutions LLC increased its stake in shares of C.H. Robinson Worldwide by 2.5% in the second quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock valued at $208,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 90.10% of the company’s stock.

Several equities research analysts have recently weighed in on CHRW shares. Deutsche Bank AG decreased their price target on C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, July 21st. BidaskClub raised C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Stephens raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $73.00 to $90.00 in a research note on Wednesday, August 30th. Zacks Investment Research raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, BMO Capital Markets cut C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and increased their price target for the company from $72.00 to $77.00 in a research note on Tuesday. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. C.H. Robinson Worldwide currently has an average rating of “Hold” and an average target price of $72.83.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) opened at 76.52 on Friday. C.H. Robinson Worldwide, Inc. has a 52 week low of $63.41 and a 52 week high of $81.16. The firm has a market cap of $10.74 billion, a PE ratio of 22.44 and a beta of 0.42. The firm has a 50-day moving average price of $72.37 and a 200-day moving average price of $70.78.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter last year, the company posted $1.00 EPS. The firm’s revenue was up 12.4% on a year-over-year basis. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post $3.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.35%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 52.94%.

In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.85% of the stock is currently owned by corporate insiders.

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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.

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

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