Mn Services Vermogensbeheer B.V. raised its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 507.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in CHRW. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of C.H. Robinson Worldwide by 29.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,486 shares of the transportation company’s stock valued at $810,000 after buying an additional 2,368 shares during the last quarter. Korea Investment CORP boosted its position in shares of C.H. Robinson Worldwide by 63.6% in the first quarter. Korea Investment CORP now owns 72,247 shares of the transportation company’s stock valued at $5,584,000 after buying an additional 28,079 shares during the last quarter. Integrated Investment Consultants LLC boosted its position 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 valued at $149,000 after buying an additional 150 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 160,213 shares of the transportation company’s stock valued at $11,737,000 after buying an additional 668 shares during the last quarter. Finally, United Capital Financial Advisers LLC boosted its position in shares of C.H. Robinson Worldwide by 25.8% in the first quarter. United Capital Financial Advisers LLC now owns 104,818 shares of the transportation company’s stock valued at $8,101,000 after buying an additional 21,502 shares during the last quarter. Hedge funds and other institutional investors own 90.70% of the company’s stock.
C.H. Robinson Worldwide, Inc. (CHRW) traded down 0.16% during midday trading on Friday, reaching $66.78. The company’s stock had a trading volume of 2,777,593 shares. The company’s 50-day moving average is $67.17 and its 200 day moving average is $72.21. C.H. Robinson Worldwide, Inc. has a 12-month low of $63.41 and a 12-month high of $81.16. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 19.58 and a beta of 0.44.
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 analysts’ consensus estimates of $0.90 by $0.12. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post $3.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 annualized dividend and a yield of 2.70%. C.H. Robinson Worldwide’s payout ratio is currently 52.94%.
TRADEMARK VIOLATION WARNING: “Mn Services Vermogensbeheer B.V. Acquires 19,172 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://stocknewstimes.com/2017/08/18/mn-services-vermogensbeheer-b-v-buys-19172-shares-of-c-h-robinson-worldwide-inc-nasdaqchrw-updated-updated-updated.html.
CHRW has been the topic of several research analyst reports. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 price objective on the stock in a research note on Friday, May 5th. Deutsche Bank AG decreased their price objective on C.H. Robinson Worldwide from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Credit Suisse Group reiterated a “sell” rating and set a $75.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Bank of America Corporation decreased their price objective on C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, July 20th. Finally, Barclays PLC reiterated a “hold” rating and set a $73.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, April 27th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $70.10.
In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total value of $82,464.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.85% of the stock is 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.
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