Community Bank N.A. Sells 250 Shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

Community Bank N.A. trimmed its holdings in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,587 shares of the transportation company’s stock after selling 250 shares during the quarter. Community Bank N.A.’s holdings in C.H. Robinson Worldwide were worth $1,146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHRW. BlackRock Inc. boosted its position in shares of C.H. Robinson Worldwide by 3.2% during the first quarter. BlackRock Inc. now owns 12,061,557 shares of the transportation company’s stock worth $1,049,234,000 after acquiring an additional 378,132 shares during the last quarter. USS Investment Management Ltd purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $27,134,000. JPMorgan Chase & Co. raised its position in shares of C.H. Robinson Worldwide by 87.6% in the 1st quarter. JPMorgan Chase & Co. now owns 374,166 shares of the transportation company’s stock valued at $32,549,000 after purchasing an additional 174,706 shares during the last quarter. Marathon Asset Management LLP raised its position in shares of C.H. Robinson Worldwide by 20.3% in the 2nd quarter. Marathon Asset Management LLP now owns 710,006 shares of the transportation company’s stock valued at $59,888,000 after purchasing an additional 119,939 shares during the last quarter. Finally, FMR LLC raised its position in shares of C.H. Robinson Worldwide by 1.4% in the 1st quarter. FMR LLC now owns 8,125,920 shares of the transportation company’s stock valued at $706,873,000 after purchasing an additional 111,607 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

In related news, CEO Robert C. Biesterfeld, Jr. purchased 1,202 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average price of $83.18 per share, with a total value of $99,982.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.65% of the stock is currently owned by company insiders.

C.H. Robinson Worldwide stock opened at $81.33 on Wednesday. The company has a fifty day moving average of $83.74. C.H. Robinson Worldwide Inc has a 1 year low of $77.72 and a 1 year high of $101.20. The firm has a market cap of $11.15 billion, a PE ratio of 17.19, a P/E/G ratio of 1.90 and a beta of 0.65. The company has a quick ratio of 1.91, a current ratio of 1.81 and a debt-to-equity ratio of 0.76.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. C.H. Robinson Worldwide had a net margin of 4.31% and a return on equity of 42.88%. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter last year, the company earned $1.13 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, sell-side analysts predict that C.H. Robinson Worldwide Inc will post 4.77 EPS for the current fiscal year.

A number of equities analysts have issued reports on CHRW shares. Susquehanna Bancshares lowered shares of C.H. Robinson Worldwide from a “positive” rating to a “neutral” rating in a research report on Wednesday, April 10th. BidaskClub lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Stephens cut their target price on shares of C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Morgan Stanley set a $65.00 target price on shares of C.H. Robinson Worldwide and gave the company a “sell” rating in a report on Monday, July 8th. Finally, Stifel Nicolaus set a $95.00 target price on shares of C.H. Robinson Worldwide and gave the company a “buy” rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $90.20.

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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