Lowe Brockenbrough & Co. Inc. Has $1.86 Million Position in C.H. Robinson Worldwide, Inc. (CHRW)

Lowe Brockenbrough & Co. Inc. increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,025 shares of the transportation company’s stock after buying an additional 650 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in C.H. Robinson Worldwide were worth $1,857,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CHRW. BlackRock Inc. increased its position in shares of C.H. Robinson Worldwide by 3,092.5% in the first quarter. BlackRock Inc. now owns 10,512,195 shares of the transportation company’s stock worth $812,488,000 after buying an additional 10,182,922 shares in the last quarter. Norges Bank purchased a new position in C.H. Robinson Worldwide during the fourth quarter worth about $135,326,000. Vanguard Group Inc. increased its position in C.H. Robinson Worldwide by 3.9% in the first quarter. Vanguard Group Inc. now owns 15,129,330 shares of the transportation company’s stock worth $1,169,345,000 after buying an additional 570,800 shares during the period. FMR LLC increased its position in C.H. Robinson Worldwide by 10.2% in the first quarter. FMR LLC now owns 5,091,485 shares of the transportation company’s stock worth $393,521,000 after buying an additional 472,798 shares during the period. Finally, AXA increased its position in C.H. Robinson Worldwide by 215.9% in the first quarter. AXA now owns 631,100 shares of the transportation company’s stock worth $48,778,000 after buying an additional 431,300 shares during the period. 87.10% of the stock is owned by hedge funds and other institutional investors.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) opened at 68.89 on Tuesday. The company has a market cap of $9.71 billion, a P/E ratio of 19.03 and a beta of 0.45. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.57 and a 52 week high of $81.16. The company’s 50-day moving average price is $68.06 and its 200 day moving average price is $73.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, April 25th. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. C.H. Robinson Worldwide had a return on equity of 40.46% and a net margin of 3.83%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the company earned $0.83 EPS. C.H. Robinson Worldwide’s revenue was up 11.1% on a year-over-year basis. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post $3.55 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 2nd were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Wednesday, May 31st. C.H. Robinson Worldwide’s payout ratio is currently 49.72%.

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A number of equities analysts have issued reports on CHRW shares. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 price objective for the company in a report on Monday, May 15th. Deutsche Bank AG reduced their price target on C.H. Robinson Worldwide from $80.00 to $75.00 and set a “hold” rating for the company 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. Citigroup Inc. reduced their price target on C.H. Robinson Worldwide from $80.00 to $73.00 and set a “neutral” rating for the company in a report on Thursday, July 13th. Finally, BidaskClub raised C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $76.11.

C.H. Robinson Worldwide Company Profile

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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