C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Holdings Cut by Skba Capital Management LLC

Skba Capital Management LLC lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 96.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,300 shares of the transportation company’s stock after selling 94,400 shares during the quarter. Skba Capital Management LLC’s holdings in C.H. Robinson Worldwide were worth $227,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of C.H. Robinson Worldwide by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 15,129,330 shares of the transportation company’s stock valued at $1,169,345,000 after acquiring an additional 570,800 shares in the last quarter. BlackRock Inc. increased its stake in C.H. Robinson Worldwide by 3,092.5% during the 1st quarter. BlackRock Inc. now owns 10,512,195 shares of the transportation company’s stock valued at $812,488,000 after purchasing an additional 10,182,922 shares in the last quarter. FMR LLC increased its stake in C.H. Robinson Worldwide by 10.2% during the 1st quarter. FMR LLC now owns 5,091,485 shares of the transportation company’s stock valued at $393,521,000 after purchasing an additional 472,798 shares in the last quarter. First Eagle Investment Management LLC increased its stake in C.H. Robinson Worldwide by 8,008.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 4,208,490 shares of the transportation company’s stock valued at $289,039,000 after purchasing an additional 4,156,590 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in C.H. Robinson Worldwide by 12.6% during the 2nd 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 purchasing an additional 389,642 shares in the last quarter. Institutional investors own 90.10% of the company’s stock.

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In related news, VP Angela K. Freeman sold 1,200 shares of C.H. Robinson Worldwide 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.85% of the company’s stock.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) traded up 0.37% during mid-day trading on Friday, hitting $71.03. The stock had a trading volume of 766,358 shares. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 20.83 and a beta of 0.41. The stock’s 50-day moving average price is $68.62 and its 200-day moving average price is $71.33. C.H. Robinson Worldwide, Inc. has a 12 month low of $63.41 and a 12 month high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing the 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 firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide, Inc. will post $3.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a $0.45 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.54%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.94%.

A number of equities analysts have issued reports on the stock. Stephens raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $73.00 to $90.00 in a report on Wednesday, August 30th. UBS AG raised shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $65.00 to $75.00 in a report on Tuesday, September 5th. BidaskClub raised shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Cowen and Company reissued a “hold” rating and issued a $68.00 price target on shares of C.H. Robinson Worldwide in a report on Friday, August 25th. Finally, Citigroup Inc. cut their price target on shares of C.H. Robinson Worldwide from $80.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, July 13th. Five equities 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 company’s stock. The company has a consensus rating of “Hold” and an average price target of $71.75.

About C.H. Robinson Worldwide

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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