Today The BB&T Corp Increases Stake in C.H. Robinson Worldwide, Inc. (CHRW)

Today The BB&T Corp Increases Stake in C.H. Robinson Worldwide, Inc. (CHRW)

BB&T Corp boosted its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 0.4% during the third quarter, Holdings Channel reports. The institutional investor owned 198,401 shares of the company’s stock after buying an additional 790 shares during the period. BB&T Corp’s holdings in C.H. Robinson Worldwide were worth $13,979,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Canandaigua National Bank & Trust Co. boosted its position in shares of C.H. Robinson Worldwide by 0.3% in the third quarter. Canandaigua National Bank & Trust Co. now owns 4,705 shares of the company’s stock worth $332,000 after buying an additional 12 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in C.H. Robinson Worldwide by 0.4% in the third quarter. Gateway Investment Advisers LLC now owns 10,169 shares of the company’s stock worth $717,000 after buying an additional 42 shares during the last quarter. Veritable L.P. raised its stake in C.H. Robinson Worldwide by 0.8% in the second quarter. Veritable L.P. now owns 5,242 shares of the company’s stock worth $389,000 after buying an additional 43 shares during the last quarter. Brighton Jones LLC raised its stake in C.H. Robinson Worldwide by 1.1% in the third quarter. Brighton Jones LLC now owns 4,272 shares of the company’s stock worth $301,000 after buying an additional 45 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in C.H. Robinson Worldwide by 1.7% in the third quarter. Raymond James Trust N.A. now owns 4,193 shares of the company’s stock worth $295,000 after buying an additional 70 shares during the last quarter. 84.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) traded up 0.03% during trading on Wednesday, hitting $74.68. The stock had a trading volume of 77,365 shares. The company has a market cap of $10.58 billion, a PE ratio of 20.69 and a beta of 0.37. The stock has a 50 day moving average of $74.43 and a 200 day moving average of $71.37. C.H. Robinson Worldwide, Inc. has a 12 month low of $62.72 and a 12 month high of $77.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, October 25th. The company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.33 billion. C.H. Robinson Worldwide had a net margin of 4.00% and a return on equity of 42.48%. C.H. Robinson Worldwide’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post $3.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Monday, December 19th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, December 15th. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 2.41%. C.H. Robinson Worldwide’s payout ratio is 49.86%.

A number of research firms recently issued reports on CHRW. Barclays PLC reiterated a “hold” rating and set a $76.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, January 10th. Buckingham Research set a $85.00 price objective on C.H. Robinson Worldwide and gave the company a “buy” rating in a research note on Sunday, December 18th. KeyCorp boosted their price objective on C.H. Robinson Worldwide from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, November 29th. Stifel Nicolaus lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and boosted their price objective for the company from $73.00 to $75.00 in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, November 4th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus price target of $75.35.

In related news, insider Robert C. Biesterfeld, Jr. sold 600 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $71.30, for a total transaction of $42,780.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers.

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW).

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