Economy

Summit Global Investments Trims Stake in CH Robinson Worldwide,

(NASDAQ:CHRW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Glob Investors invested in 7.75M shares or 0.18% of the stock.

Stocks of C.H. Robinson Worldwide, (NASDAQ CHRW) transacted up 0.31% on early Monday, reaching $71.67. the firms shares had a trading volume of 133,707 Stocks. the share has a 50 Day SMA of $68.79 along with a 200 - day SMA of $71.26. Asset Management One Ltd holds 0.05% of its portfolio in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) for 267,157 shares. The institutional investor owned 13,438 shares of the transportation company's stock after purchasing an additional 7,090 shares during the quarter. IHT Wealth Management LLC increased its position in C.H. Robinson Worldwide by 3.5% in the first quarter. NEXT Financial Group has an ownership of 2,895 stocks of the transportation firms shares valued $199,000 following purchasing an extra 209 shares through out the quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 8.8% in the first quarter. The value in dollars went from $1,692,000 to $5,978,000 increasing 253.3% since the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,486 shares of the transportation company's stock valued at $810,000 after buying an additional 2,368 shares during the period. Stephens lifted C.H. Robinson Worldwide from an "equal weight" recommendation to an "overweight" recommendation and upped the price objective for the share from $73.00 to $90.00 in a study note published on Wed, Aug 30th. The fund bought 26,200 shares of the company's stock, valued at approximately $1,919,000.

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) traded up 0.06% during trading on Thursday, reaching $79.46. Guyasuta Investment Advisors Inc who had been investing in Lowes Cos Inc for a number of months, seems to be bullish on the $64.95 billion market cap company. The company's 50 day moving average price is $68.99 and its 200 day moving average price is $71.07. As of the last earnings report the EPS was $3.41 and is estimated to be $3.29 for the current year with 140,386,000 shares now outstanding. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.63 billion. TrimTabs Asset Management has an ownership of 1,511 stocks of the transportation firms shares valued $117,000 after scooping up an extra 712 stocks in the previous period. The firm's revenue for the quarter was up 12.4% on a year-over-year basis. It turned negative, as 43 investors sold C.H. Robinson Worldwide Inc shares while 191 reduced holdings.

As of late the company also announced a periodic dividend, expected to be paid on early Fri, Sep 29th. Stockholders 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 annualized dividend and a yield of 2.48%. Freeman Angela K. sold 1,300 shares worth $94,535. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. Summit Global Investments' holdings in C.H. Robinson Worldwide were valued $1,118,000 as of its latest document with the Security and Exchange Commission.

ILLEGAL ACTIVITY NOTICE: This report was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another domain, it was stolen and reposted in violation of United States & worldwide copyright law. (NASDAQ:CHRW) is worth US$9.94 Billion and has recently risen 0.96% to US$71.45.

Several equities analysts have weighed in on CHRW shares. Cahill Advsr holds 1.57% in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) or 35,257 shares. Morgan Stanley reaffirmed an "underweight" rating and set a $55.00 price target (down previously from $57.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, July 25th. On July 26, 2017 the stock rating was rated "Outperform" in a report from BMO Capital which was a boost from the previous "Market Perform" rating. Finally, Cowen and Company boosted their price target on shares of C.H. Robinson Worldwide from $67.00 to $73.00 and gave the stock a "market perform" rating in a research report on Thursday, February 2nd.

July 21 investment analysts at Deutsche Bank kept the stock rating at "Hold" but lowered the price expectation from $71.00 to $60.00. On July 20 Bank of America maintained a company rating of "Underperform" but moved down the price target to $60.00 from $66.00. The Company's divisions include North American Surface Transportation, Global Forwarding, Robinson Fresh, and All Other and Corporate. Stifel Nicolaus maintained the shares of CHRW in report on Monday, September 11 with "Hold" rating.



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