Today, Public Employees Retirement Association of Colorado sells partial stakes of C.H. Robinson Worldwide Inc. (CHRW)

Today, Public Employees Retirement Association of Colorado sells partial stakes of C.H. Robinson Worldwide Inc. (CHRW)
Public Employees Retirement Association of Colorado reduced its stake in C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) by 3.5% during the third quarter, Holdings Channel reports. The institutional investor owned 30,034 shares of the company’s stock after selling 1,091 shares during the period. Public Employees Retirement Association of Colorado’s holdings in C.H. Robinson Worldwide were worth $2,116,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Canandaigua National Bank & Trust Co. raised its position in 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 during the period. Gateway Investment Advisers LLC raised its position 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 period. Brighton Jones LLC raised its position in C.H. Robinson Worldwide by 1.0% in the second quarter. Brighton Jones LLC now owns 4,227 shares of the company’s stock worth $314,000 after buying an additional 43 shares during the period. Veritable L.P. raised its position 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 period. Finally, Raymond James Trust N.A. raised its position 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 period. 80.87% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) traded up 0.24% during trading on Friday, hitting $74.30. The stock had a trading volume of 705,345 shares. The firm has a market cap of $10.52 billion, a PE ratio of 20.58 and a beta of 0.33. C.H. Robinson Worldwide Inc. has a 52-week low of $59.71 and a 52-week high of $76.10. The company’s 50 day moving average is $70.74 and its 200 day moving average is $71.11.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by $0.06. The firm earned $3.36 billion during 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%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. Equities research analysts forecast that C.H. Robinson Worldwide Inc. will post $3.59 earnings per share for the current year.

CHRW has been the subject of a number of analyst reports. Vetr lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $73.30 price objective for the company. in a research report on Monday, October 10th. Buckingham Research reaffirmed a “buy” rating and set a $87.00 price objective (up previously from $79.00) on shares of C.H. Robinson Worldwide in a research report on Sunday, October 9th. Zacks Investment Research lowered C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, November 4th. Deutsche Bank AG initiated coverage on C.H. Robinson Worldwide in a research report on Wednesday, November 2nd. They set a “hold” rating and a $71.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $71.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 28th. 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 company. C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus target price of $74.78.

In other C.H. Robinson Worldwide news, insider Robert C. Biesterfeld, Jr. sold 600 shares of the company’s 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.69% of the company’s stock.

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.

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