PNC Financial Services Group Inc. lowered its stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 25.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,493 shares of the transportation company’s stock after selling 23,861 shares during the period. PNC Financial Services Group Inc. owned approximately 0.05% of C.H. Robinson Worldwide worth $5,980,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of C.H. Robinson Worldwide by 1.2% in the second quarter. BlackRock Inc. now owns 11,296,656 shares of the transportation company’s stock worth $945,075,000 after buying an additional 133,529 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of C.H. Robinson Worldwide by 4.5% in the first quarter. The Manufacturers Life Insurance Company now owns 1,553,291 shares of the transportation company’s stock worth $145,559,000 after purchasing an additional 66,810 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of C.H. Robinson Worldwide by 255.2% in the second quarter. Janus Henderson Group PLC now owns 1,246,059 shares of the transportation company’s stock worth $104,245,000 after purchasing an additional 895,269 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of C.H. Robinson Worldwide by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 921,144 shares of the transportation company’s stock worth $77,063,000 after purchasing an additional 16,837 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of C.H. Robinson Worldwide by 1.8% in the second quarter. Swiss National Bank now owns 906,728 shares of the transportation company’s stock worth $75,857,000 after purchasing an additional 16,000 shares during the last quarter. Hedge funds and other institutional investors own 86.00% of the company’s stock.

CHRW has been the topic of several recent analyst reports. Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Monday, September 3rd. Stifel Nicolaus initiated coverage on C.H. Robinson Worldwide in a research note on Tuesday, June 19th. They issued a “buy” rating and a $101.00 target price on the stock. KeyCorp raised their target price on C.H. Robinson Worldwide from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 2nd. Credit Suisse Group raised their target price on C.H. Robinson Worldwide from $82.00 to $86.00 and gave the stock an “underperform” rating in a research note on Thursday, August 2nd. Finally, Cowen raised their target price on C.H. Robinson Worldwide from $99.00 to $106.00 and gave the stock an “outperform” rating in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $93.73.

C.H. Robinson Worldwide stock opened at $96.44 on Monday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.88. The company has a market cap of $13.36 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 2.39 and a beta of 0.41. C.H. Robinson Worldwide Inc has a fifty-two week low of $70.22 and a fifty-two week high of $100.18.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be issued a $0.46 dividend. The ex-dividend date is Thursday, September 6th. This represents a $1.84 dividend on an annualized basis and a yield of 1.91%. C.H. Robinson Worldwide’s payout ratio is currently 52.87%.

In related news, insider Michael W. Neill sold 452 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $96.10, for a total value of $43,437.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Wiehoff sold 30,000 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $96.45, for a total transaction of $2,893,500.00. Following the sale, the chief executive officer now owns 715,727 shares of the company’s stock, valued at $69,031,869.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,758 shares of company stock valued at $4,126,546. 0.97% of the stock is owned by company insiders.

C.H. Robinson Worldwide Company Profile

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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