Trade Report: Today, Kentucky Retirement Systems Insurance Trust Fund Buys 5,764 Shares of C.H. Robinson Worldwide Inc. (CHRW)

Today, Kentucky Retirement Systems Insurance Trust Fund Buys 5,764  Shares of C.H. Robinson Worldwide Inc. (CHRW)

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,764 shares of the company’s stock, valued at approximately $428,000.

Other institutional investors have also recently made changes to their positions in the company. Kentucky Retirement Systems bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $901,000. Mason Street Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $1,428,000. Tobam bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $1,357,000. Calvert Investment Management Inc. increased its position in shares of C.H. Robinson Worldwide by 753.8% in the second quarter. Calvert Investment Management Inc. now owns 95,935 shares of the company’s stock worth $7,123,000 after buying an additional 84,699 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of C.H. Robinson Worldwide by 4.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 600,493 shares of the company’s stock worth $44,587,000 after buying an additional 24,034 shares in the last quarter. Institutional investors own 80.87% of the company’s stock.

C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) traded up 0.24% during mid-day trading on Friday, hitting $74.30. 705,345 shares of the stock were exchanged. The company has a 50 day moving average price of $70.74 and a 200 day moving average price of $71.11. C.H. Robinson Worldwide Inc. has a 52 week low of $59.71 and a 52 week high of $76.10. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of 20.58 and a beta of 0.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.90 earnings per share (EPS) 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 analyst estimates of $3.33 billion. C.H. Robinson Worldwide had a return on equity of 42.48% and a net margin of 4.00%. C.H. Robinson Worldwide’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. Analysts expect that C.H. Robinson Worldwide Inc. will post $3.59 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and increased their price target for the company from $73.00 to $75.00 in a report on Tuesday. They noted that the move was a valuation call. Vetr cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $73.30 price objective on the stock. in a research note on Monday, October 10th. Buckingham Research reissued a “buy” rating and issued a $87.00 price objective (up from $79.00) on shares of C.H. Robinson Worldwide in a research note on Sunday, October 9th. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, November 4th. Finally, Barclays PLC cut shares of C.H. Robinson Worldwide from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $78.00 to $72.00 in a research note on Monday, September 12th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average 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 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 at this hyperlink. Company insiders own 0.69% of the company’s stock.

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.

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