Thrivent Financial For Lutherans Grows Holdings in C.H. Robinson Worldwide, Inc. (CHRW)

Thrivent Financial For Lutherans grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,746 shares of the transportation company’s stock after purchasing an additional 336 shares during the quarter. Thrivent Financial For Lutherans’ holdings in C.H. Robinson Worldwide were worth $395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CHRW. NEXT Financial Group Inc raised its position in shares of C.H. Robinson Worldwide by 7.8% during the 2nd 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 raised its position in shares of C.H. Robinson Worldwide by 3.5% during the 1st 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. Sawtooth Solutions LLC raised its position in shares of C.H. Robinson Worldwide by 2.5% during the 2nd 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. Fifth Third Bancorp raised its position in shares of C.H. Robinson Worldwide by 5.0% during the 1st quarter. Fifth Third Bancorp now owns 3,164 shares of the transportation company’s stock valued at $245,000 after buying an additional 150 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 1st quarter valued at approximately $247,000. 89.95% of the stock is currently owned by institutional investors and hedge funds.

In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were 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 this link. Company insiders own 0.85% of the company’s stock.

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Several research firms have recently commented on CHRW. J P Morgan Chase & Co lifted their price target on shares of C.H. Robinson Worldwide from $63.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, October 12th. KeyCorp reaffirmed a “buy” rating and set a $85.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, October 12th. Barclays PLC lifted their price target on shares of C.H. Robinson Worldwide from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Wednesday. Finally, BidaskClub raised shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $75.63.

Shares of C.H. Robinson Worldwide, Inc. (CHRW) opened at 77.98 on Friday. The firm has a market cap of $10.95 billion, a P/E ratio of 22.87 and a beta of 0.42. C.H. Robinson Worldwide, Inc. has a 12-month low of $63.41 and a 12-month high of $81.16. The company has a 50-day moving average of $74.45 and a 200 day moving average of $70.74.

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 for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.12). The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post $3.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.94%.

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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