Mn Services Vermogensbeheer B.V. Buys 19,172 Shares of C.H. Robinson Worldwide, Inc. (CHRW)

Mn Services Vermogensbeheer B.V. increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 507.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,949 shares of the transportation company’s stock after buying an additional 19,172 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in C.H. Robinson Worldwide were worth $1,576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,511 shares of the transportation company’s stock worth $117,000 after buying an additional 712 shares during the period. IFP Advisors Inc boosted its stake in shares of C.H. Robinson Worldwide by 4.8% in the first quarter. IFP Advisors Inc now owns 1,609 shares of the transportation company’s stock worth $124,000 after buying an additional 73 shares during the period. Integrated Investment Consultants LLC boosted its stake in shares of C.H. Robinson Worldwide by 8.5% in the first quarter. Integrated Investment Consultants LLC now owns 1,925 shares of the transportation company’s stock worth $149,000 after buying an additional 150 shares during the period. Van ECK Associates Corp boosted 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 worth $198,000 after buying an additional 159 shares during the period. Finally, NEXT Financial Group Inc boosted 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 worth $199,000 after buying an additional 209 shares during the period. 90.70% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide, Inc. (CHRW) traded down 0.16% on Friday, reaching $66.78. 2,777,593 shares of the company’s stock were exchanged. C.H. Robinson Worldwide, Inc. has a one year low of $63.41 and a one year high of $81.16. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 19.58 and a beta of 0.44. The firm has a 50 day moving average of $67.17 and a 200-day moving average of $72.21.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.12. The business 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 firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post $3.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.70%. C.H. Robinson Worldwide’s payout ratio is 52.94%.

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A number of analysts have recently issued reports on CHRW shares. Credit Suisse Group reissued a “sell” rating and issued a $75.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Barclays PLC restated a “hold” rating and set a $73.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, April 27th. Deutsche Bank AG dropped their target price on shares of C.H. Robinson Worldwide from $80.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Vertical Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 price objective for the company in a research report on Friday, May 5th. Finally, Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.10.

In related news, VP Angela K. Freeman sold 1,200 shares of the company’s 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 document filed with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

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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