Todays Report: Today, Advisors Asset Management Inc. decides to keep it stake in C.H. Robinson Worldwide Inc. (CHRW) to the level of $878,000

Today, Advisors Asset Management Inc. decides to keep it stake in C.H. Robinson Worldwide Inc. (CHRW) to the level of $878,000

Advisors Asset Management Inc. cut its stake in C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) by 12.6% during the third quarter, Holdings Channel reports. The fund owned 12,457 shares of the company’s stock after selling 1,790 shares during the period. Advisors Asset Management Inc.’s holdings in C.H. Robinson Worldwide were worth $878,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in C.H. Robinson Worldwide by 10.9% in the first quarter. LPL Financial LLC now owns 20,263 shares of the company’s stock valued at $1,490,000 after buying an additional 1,988 shares during the period. Panagora Asset Management Inc. boosted its stake in C.H. Robinson Worldwide by 470.0% in the first quarter. Panagora Asset Management Inc. now owns 69,380 shares of the company’s stock valued at $5,150,000 after buying an additional 57,209 shares during the period. Arizona State Retirement System boosted its stake in C.H. Robinson Worldwide by 2.1% in the first quarter. Arizona State Retirement System now owns 38,820 shares of the company’s stock valued at $2,882,000 after buying an additional 800 shares during the period. Royal Bank of Canada boosted its stake in C.H. Robinson Worldwide by 66.4% in the first quarter. Royal Bank of Canada now owns 250,045 shares of the company’s stock valued at $18,560,000 after buying an additional 99,784 shares during the period. Finally, Euclid Advisors LLC bought a new stake in C.H. Robinson Worldwide during the first quarter valued at $411,000. Institutional investors and hedge funds own 80.87% of the company’s stock.

Shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) remained flat at $74.12 during trading on Thursday. The firm’s 50 day moving average price is $70.61 and its 200-day moving average price is $71.10. The stock has a market cap of $10.50 billion, a PE ratio of 20.53 and a beta of 0.33. C.H. Robinson Worldwide Inc. has a one year low of $59.71 and a one year high of $76.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, October 25th. The company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.06. The firm earned $3.36 billion during the quarter, compared to the consensus estimate of $3.33 billion. C.H. Robinson Worldwide had a return on equity of 42.48% and a net margin of 4.00%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 earnings per share. On average, analysts predict that C.H. Robinson Worldwide Inc. will post $3.59 EPS for the current year.

Several research firms recently weighed in on CHRW. RBC Capital Markets reiterated an “outperform” rating and issued a $76.00 price target (down previously from $80.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $81.00 target price (up from $79.00) on shares of C.H. Robinson Worldwide in a research report on Sunday, September 4th. Royal Bank Of Canada reduced their target price on shares of C.H. Robinson Worldwide from $80.00 to $76.00 and set an “outperform” rating on the stock in a research report on Thursday, July 28th. Barclays PLC downgraded shares of C.H. Robinson Worldwide from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $78.00 to $72.00 in a research report on Monday, September 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $71.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 28th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and a consensus price target of $74.78.

In other C.H. Robinson Worldwide news, insider Robert C. Biesterfeld, Jr. sold 600 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $71.30, for a total value of $42,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is currently owned by company insiders.

About C.H. Robinson Worldwide

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).

Receive News & Ratings for C.H. Robinson Worldwide Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for C.H. Robinson Worldwide Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment