C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Shares Purchased by Wrapmanager Inc.
Wrapmanager Inc. increased its stake in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,877 shares of the transportation company’s stock after purchasing an additional 217 shares during the quarter. Wrapmanager Inc.’s holdings in C.H. Robinson Worldwide were worth $243,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in C.H. Robinson Worldwide by 3.2% during the 1st quarter. BlackRock Inc. now owns 12,061,557 shares of the transportation company’s stock worth $1,049,234,000 after buying an additional 378,132 shares during the last quarter. FMR LLC lifted its holdings in C.H. Robinson Worldwide by 1.4% during the 1st quarter. FMR LLC now owns 8,125,920 shares of the transportation company’s stock worth $706,873,000 after buying an additional 111,607 shares during the last quarter. Northern Trust Corp lifted its holdings in C.H. Robinson Worldwide by 4.3% during the 1st quarter. Northern Trust Corp now owns 2,174,968 shares of the transportation company’s stock worth $189,200,000 after buying an additional 89,152 shares during the last quarter. Geode Capital Management LLC lifted its holdings in C.H. Robinson Worldwide by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 2,077,841 shares of the transportation company’s stock worth $174,463,000 after buying an additional 102,227 shares during the last quarter. Finally, Clarkston Capital Partners LLC lifted its holdings in C.H. Robinson Worldwide by 0.6% during the 2nd quarter. Clarkston Capital Partners LLC now owns 1,062,396 shares of the transportation company’s stock worth $89,613,000 after buying an additional 6,260 shares during the last quarter. 86.72% of the stock is owned by hedge funds and other institutional investors.
In other news, insider John Wiehoff sold 8,392 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $85.93, for a total value of $721,124.56. Following the completion of the sale, the insider now directly owns 34,499 shares of the company’s stock, valued at approximately $2,964,499.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.65% of the stock is currently owned by insiders.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, July 30th. The transportation company reported $1.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.22. C.H. Robinson Worldwide had a return on equity of 42.88% and a net margin of 4.31%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the previous year, the business earned $1.13 EPS. The business’s quarterly revenue was down 8.6% on a year-over-year basis. Sell-side analysts forecast that C.H. Robinson Worldwide Inc will post 4.77 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, September 5th. C.H. Robinson Worldwide’s payout ratio is currently 42.28%.
A number of analysts have issued reports on CHRW shares. Morgan Stanley set a $65.00 price target on C.H. Robinson Worldwide and gave the stock a “sell” rating in a report on Monday, July 8th. UBS Group downgraded C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $99.00 to $83.00 in a report on Wednesday, May 1st. BidaskClub raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. Citigroup downgraded C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price target for the company. in a report on Friday, July 26th. Finally, Stephens decreased their price target on C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $90.20.
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 North American Surface Transportation and Global Forwarding segments. 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 that include the 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 offers door-to-door services.
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