Alliancebernstein L.P. Has $54.51 Million Position in C.H. Robinson Worldwide, Inc. (CHRW)

Alliancebernstein L.P. boosted its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 168.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 793,718 shares of the transportation company’s stock after buying an additional 498,362 shares during the quarter. Alliancebernstein L.P. owned approximately 0.56% of C.H. Robinson Worldwide worth $54,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Aberdeen Asset Management PLC UK raised its position in C.H. Robinson Worldwide by 32.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 49,347 shares of the transportation company’s stock valued at $3,389,000 after buying an additional 11,994 shares during the last quarter. Twin Tree Management LP purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $2,264,000. AXA raised its position in C.H. Robinson Worldwide by 4.2% in the 2nd quarter. AXA now owns 657,500 shares of the transportation company’s stock valued at $45,157,000 after buying an additional 26,400 shares during the last quarter. Wells Fargo & Company MN raised its position in C.H. Robinson Worldwide by 3.5% in the 2nd quarter. Wells Fargo & Company MN now owns 520,283 shares of the transportation company’s stock valued at $35,734,000 after buying an additional 17,534 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $548,000. 90.10% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on CHRW. Citigroup Inc. lowered their price target on C.H. Robinson Worldwide from $80.00 to $73.00 and set a “neutral” rating for the company in a research report on Thursday, July 13th. BidaskClub lowered C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Barclays PLC reissued a “hold” rating and issued a $67.00 price target (down from $73.00) on shares of C.H. Robinson Worldwide in a research report on Friday, July 21st. Cowen and Company lowered their price target on C.H. Robinson Worldwide from $73.00 to $68.00 and set a “market perform” rating for the company in a research report on Friday, July 21st. Finally, Deutsche Bank AG lowered their price target on C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating for the company in a research report on Friday, July 21st. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $71.75.

C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) opened at 70.77 on Friday. The firm has a 50-day moving average price of $68.62 and a 200-day moving average price of $71.33. C.H. Robinson Worldwide, Inc. has a 52 week low of $63.41 and a 52 week high of $81.16. The company has a market cap of $9.94 billion, a P/E ratio of 20.75 and a beta of 0.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post $3.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.94%.

In other news, VP Angela K. Freeman sold 1,200 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total value of $82,464.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.85% of the stock is owned by insiders.

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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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