CAPROCK Group Inc. reduced its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 12.1% during the first quarter, Holdings Channel reports. The firm owned 12,588 shares of the transportation company’s stock after selling 1,727 shares during the period. CAPROCK Group Inc.’s holdings in C.H. Robinson Worldwide were worth $973,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its stake in shares of C.H. Robinson Worldwide by 45.7% in the third quarter. Capital Research Global Investors now owns 7,744,389 shares of the transportation company’s stock valued at $545,670,000 after buying an additional 2,427,912 shares during the last quarter. State Street Corp raised its stake in shares of C.H. Robinson Worldwide by 10.0% in the fourth quarter. State Street Corp now owns 6,496,808 shares of the transportation company’s stock valued at $475,958,000 after buying an additional 592,624 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of C.H. Robinson Worldwide by 0.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,102,515 shares of the transportation company’s stock valued at $289,063,000 after buying an additional 27,566 shares during the last quarter. Mairs & Power INC raised its stake in shares of C.H. Robinson Worldwide by 1.1% in the third quarter. Mairs & Power INC now owns 2,009,110 shares of the transportation company’s stock valued at $141,562,000 after buying an additional 21,269 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $135,326,000. Institutional investors own 85.16% of the company’s stock.

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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) traded up 0.12% on Friday, hitting $76.54. 1,582,424 shares of the company traded hands. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.57 and a 1-year high of $81.16. The firm’s 50 day moving average price is $77.48 and its 200-day moving average price is $74.69. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 21.32 and a beta of 0.39.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, January 31st. The transportation company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.32 billion. C.H. Robinson Worldwide had a return on equity of 41.22% and a net margin of 3.91%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post $3.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 3rd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $1.80 annualized dividend and a dividend yield of 2.35%. C.H. Robinson Worldwide’s dividend payout ratio is currently 50.14%.

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Several brokerages have issued reports on CHRW. Vertical Research began coverage on shares of C.H. Robinson Worldwide in a research report on Thursday, April 13th. They set a “sell” rating and a $71.00 target price for the company. Cowen and Company lifted their target price on shares of C.H. Robinson Worldwide from $67.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, February 2nd. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. Barclays PLC reiterated a “hold” rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, January 10th. Finally, Credit Suisse Group AG reiterated an “underperform” rating and set a $75.00 target price (up from $71.00) on shares of C.H. Robinson Worldwide in a research report on Monday, March 6th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $75.10.

In other news, insider Chris Obrien sold 2,650 shares of the firm’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $75.64, for a total transaction of $200,446.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John Wiehoff sold 24,306 shares of the firm’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $75.33, for a total value of $1,830,970.98. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

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.

5 Day Chart for NASDAQ:CHRW

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