C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 84.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 46,003 shares of the transportation company’s stock after acquiring an additional 21,036 shares during the quarter. Natixis Advisors L.P.’s holdings in C.H. Robinson Worldwide were worth $3,880,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Investec Asset Management LTD purchased a new position in shares of C.H. Robinson Worldwide in the second quarter worth approximately $12,325,000. Schroder Investment Management Group increased its position in shares of C.H. Robinson Worldwide by 133.3% in the second quarter. Schroder Investment Management Group now owns 672,992 shares of the transportation company’s stock worth $56,767,000 after acquiring an additional 384,555 shares in the last quarter. BlackRock Inc. increased its position in shares of C.H. Robinson Worldwide by 3.2% in the first quarter. BlackRock Inc. now owns 12,061,557 shares of the transportation company’s stock worth $1,049,234,000 after acquiring an additional 378,132 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of C.H. Robinson Worldwide by 1,982.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 347,973 shares of the transportation company’s stock worth $29,335,000 after acquiring an additional 331,264 shares in the last quarter. Finally, USS Investment Management Ltd purchased a new position in shares of C.H. Robinson Worldwide in the second quarter worth approximately $27,134,000. 90.80% of the stock is currently owned by institutional investors.

CHRW traded up $0.70 on Friday, reaching $87.15. 17,368 shares of the company traded hands, compared to its average volume of 1,153,884. The stock’s 50 day moving average price is $83.77 and its 200-day moving average price is $84.82. C.H. Robinson Worldwide Inc has a 52-week low of $77.72 and a 52-week high of $100.54. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.02 and a beta of 0.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.81 and a quick ratio of 1.81.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.22. C.H. Robinson Worldwide had a net margin of 4.31% and a return on equity of 42.88%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. The firm’s revenue was down 8.6% on a year-over-year basis. As a group, equities research analysts forecast that C.H. Robinson Worldwide Inc will post 4.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Thursday, September 5th. C.H. Robinson Worldwide’s payout ratio is presently 42.28%.

In other news, insider Angela K. Freeman sold 16,356 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $84.88, for a total value of $1,388,297.28. Following the completion of the sale, the insider now directly owns 47,594 shares in the company, valued at $4,039,778.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ben G. Campbell sold 20,425 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,715,700.00. Following the completion of the sale, the insider now owns 43,006 shares of the company’s stock, valued at $3,612,504. The disclosure for this sale can be found here. Insiders sold 45,173 shares of company stock valued at $3,825,122 over the last quarter. Corporate insiders own 1.65% of the company’s stock.

Several research firms have recently weighed in on CHRW. Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 target price on the stock. in a research report on Friday, July 26th. Morgan Stanley set a $65.00 target price on shares of C.H. Robinson Worldwide and gave the stock a “sell” rating in a research report on Monday, July 8th. Finally, BidaskClub downgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $89.44.

C.H. Robinson Worldwide 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 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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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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