Bahl & Gaynor Inc. Has $352,000 Position in C.H. Robinson Worldwide, Inc. (CHRW)

Bahl & Gaynor Inc. maintained its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,800 shares of the transportation company’s stock at the close of the 2nd quarter. Bahl & Gaynor Inc.’s holdings in C.H. Robinson Worldwide were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in C.H. Robinson Worldwide by 3.9% in the first quarter. Vanguard Group Inc. now owns 15,129,330 shares of the transportation company’s stock valued at $1,169,345,000 after buying an additional 570,800 shares during the last quarter. BlackRock Inc. lifted its stake in C.H. Robinson Worldwide by 3,092.5% in the first quarter. BlackRock Inc. now owns 10,512,195 shares of the transportation company’s stock valued at $812,488,000 after buying an additional 10,182,922 shares during the last quarter. FMR LLC lifted its stake in C.H. Robinson Worldwide by 10.2% in the first quarter. FMR LLC now owns 5,091,485 shares of the transportation company’s stock valued at $393,521,000 after buying an additional 472,798 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in C.H. Robinson Worldwide by 8,008.8% in the second quarter. First Eagle Investment Management LLC now owns 4,208,490 shares of the transportation company’s stock valued at $289,039,000 after buying an additional 4,156,590 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in C.H. Robinson Worldwide by 12.6% in the second quarter. Bank of New York Mellon Corp now owns 3,485,754 shares of the transportation company’s stock valued at $239,401,000 after buying an additional 389,642 shares during the last quarter. Institutional investors own 90.10% of the company’s stock.

C.H. Robinson Worldwide, Inc. (CHRW) opened at 72.25 on Tuesday. 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 capitalization of $10.14 billion, a price-to-earnings ratio of 21.19 and a beta of 0.41. The company’s 50-day moving average price is $68.99 and its 200-day moving average price is $71.07.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ 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 last year, the business posted $1.00 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post $3.29 EPS for the current fiscal year.

The company also recently declared 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 is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.49%. C.H. Robinson Worldwide’s payout ratio is 52.94%.

A number of equities research analysts have issued reports on CHRW shares. Stephens upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $73.00 to $90.00 in a research note on Wednesday, August 30th. Deutsche Bank AG cut their price objective on shares of C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, July 21st. Bank of America Corporation cut their price objective on shares of 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. UBS AG upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $65.00 to $75.00 in a research note on Tuesday, September 5th. Finally, BidaskClub cut shares of C.H. Robinson Worldwide from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $71.75.

In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.85% of the company’s stock.

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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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