Elkfork Partners LLC Acquires 504 Shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

Elkfork Partners LLC boosted its holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,812 shares of the transportation company’s stock after purchasing an additional 504 shares during the period. Elkfork Partners LLC’s holdings in C.H. Robinson Worldwide were worth $659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of C.H. Robinson Worldwide by 17.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 754,277 shares of the transportation company’s stock valued at $63,424,000 after acquiring an additional 110,940 shares during the period. Geode Capital Management LLC grew its position in shares of C.H. Robinson Worldwide by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 2,077,841 shares of the transportation company’s stock valued at $174,463,000 after acquiring an additional 102,227 shares during the period. Janney Montgomery Scott LLC grew its position in shares of C.H. Robinson Worldwide by 85.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,637 shares of the transportation company’s stock valued at $1,012,000 after acquiring an additional 5,347 shares during the period. Alps Advisors Inc. bought a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $395,000. Finally, Victory Capital Management Inc. grew its position in shares of C.H. Robinson Worldwide by 15.8% in the 1st quarter. Victory Capital Management Inc. now owns 47,450 shares of the transportation company’s stock valued at $4,128,000 after acquiring an additional 6,473 shares during the period. 90.80% of the stock is owned by institutional investors and hedge funds.

In other C.H. Robinson Worldwide news, insider John Wiehoff sold 8,392 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $85.93, for a total value of $721,124.56. Following the completion of the sale, the insider now owns 34,499 shares in the company, valued at approximately $2,964,499.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela K. Freeman sold 16,356 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $84.88, for a total transaction of $1,388,297.28. Following the completion of the sale, the insider now owns 47,594 shares of the company’s stock, valued at approximately $4,039,778.72. The disclosure for this sale can be found here. Insiders have sold a total of 45,173 shares of company stock valued at $3,825,122 in the last ninety days. 1.65% of the stock is currently owned by insiders.

Shares of CHRW stock opened at $83.79 on Friday. The company has a market capitalization of $11.49 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.98 and a beta of 0.65. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.81 and a current ratio of 1.81. The company has a 50-day simple moving average of $84.30 and a 200 day simple moving average of $84.48. C.H. Robinson Worldwide Inc has a 52 week low of $77.72 and a 52 week high of $98.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.22 EPS for the quarter, hitting the consensus estimate of $1.22. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $4.02 billion. C.H. Robinson Worldwide had a net margin of 4.31% and a return on equity of 42.88%. C.H. Robinson Worldwide’s revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 EPS. Sell-side analysts forecast that C.H. Robinson Worldwide Inc will post 4.76 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, September 5th. C.H. Robinson Worldwide’s payout ratio is 42.28%.

A number of brokerages have recently commented on CHRW. BidaskClub downgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research report on Friday, July 26th. Finally, Morgan Stanley set a $65.00 price objective on shares of C.H. Robinson Worldwide and gave the company a “sell” rating in a research report on Monday, July 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus price target 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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