Community Capital Management Inc. Acquires New Holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

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Community Capital Management Inc. acquired a new stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 3,000 shares of the transportation company’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Carlson Capital Management raised its stake in shares of C.H. Robinson Worldwide by 2.4% during the 1st quarter. Carlson Capital Management now owns 6,349 shares of the transportation company’s stock worth $459,000 after purchasing an additional 150 shares in the last quarter. Taylor Frigon Capital Management LLC grew its holdings in C.H. Robinson Worldwide by 1.4% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 11,011 shares of the transportation company’s stock valued at $729,000 after buying an additional 155 shares in the last quarter. D.B. Root & Company LLC grew its holdings in shares of C.H. Robinson Worldwide by 2.5% during the 1st quarter. D.B. Root & Company LLC now owns 6,414 shares of the transportation company’s stock worth $424,000 after purchasing an additional 158 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its holdings in shares of C.H. Robinson Worldwide by 0.6% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 29,125 shares of the transportation company’s stock worth $1,928,000 after purchasing an additional 184 shares in the last quarter. Finally, Cahill Financial Advisors Inc. lifted its position in shares of C.H. Robinson Worldwide by 0.7% during the 1st quarter. Cahill Financial Advisors Inc. now owns 26,840 shares of the transportation company’s stock worth $1,777,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 89.11% of the company’s stock.

In other news, insider Angela K. Freeman sold 1,480 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $77.64, for a total value of $114,907.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.82% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:CHRW traded up $0.16 during midday trading on Friday, reaching $93.72. 2,037,345 shares of the company traded hands, compared to its average volume of 1,634,493. The company has a quick ratio of 1.44, a current ratio of 1.56 and a debt-to-equity ratio of 0.64. C.H. Robinson Worldwide Inc has a 12 month low of $56.94 and a 12 month high of $99.22. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 3.64 and a beta of 0.58. The firm’s fifty day moving average price is $81.55 and its two-hundred day moving average price is $75.12.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, July 28th. The transportation company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.52. C.H. Robinson Worldwide had a return on equity of 28.22% and a net margin of 3.10%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the previous year, the business earned $1.22 earnings per share. The firm’s revenue was down 7.2% on a year-over-year basis. Analysts forecast that C.H. Robinson Worldwide Inc will post 2.86 earnings per share for the current year.

CHRW has been the subject of several research reports. Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “neutral” rating and increased their target price for the company from $67.00 to $86.00 in a research report on Wednesday, June 3rd. Loop Capital cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $96.00 price objective for the company. in a research note on Thursday. Susquehanna Bancshares cut their target price on C.H. Robinson Worldwide from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. TheStreet raised C.H. Robinson Worldwide from a “c+” rating to a “b” rating in a research report on Friday, July 24th. Finally, Robert W. Baird lifted their target price on C.H. Robinson Worldwide from $84.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $83.79.

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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