Todays Report: Today, TD Asset Management Inc. Cuts Stake in C.H. Robinson Worldwide Inc. (CHRW)

Today, TD Asset Management Inc. Cuts Stake in C.H. Robinson Worldwide Inc. (CHRW)

TD Asset Management Inc. decreased its position in C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) by 1.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 771,313 shares of the company’s stock after selling 8,321 shares during the period. TD Asset Management Inc. owned about 0.54% of C.H. Robinson Worldwide worth $54,347,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CHRW. Capital Research Global Investors boosted its stake in shares of C.H. Robinson Worldwide by 31.3% in the second quarter. Capital Research Global Investors now owns 5,316,477 shares of the company’s stock worth $394,748,000 after buying an additional 1,268,683 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of C.H. Robinson Worldwide by 34.1% in the second quarter. BlackRock Fund Advisors now owns 3,690,234 shares of the company’s stock valued at $274,000,000 after buying an additional 937,846 shares during the period. Bank of Montreal Can bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at about $45,896,000. Vanguard Group Inc. boosted its position in shares of C.H. Robinson Worldwide by 4.1% in the second quarter. Vanguard Group Inc. now owns 14,259,161 shares of the company’s stock valued at $1,058,744,000 after buying an additional 562,057 shares during the period. Finally, Janus Capital Management LLC boosted its position in shares of C.H. Robinson Worldwide by 293.3% in the second quarter. Janus Capital Management LLC now owns 698,367 shares of the company’s stock valued at $51,854,000 after buying an additional 520,823 shares during the period. 80.87% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) traded up 0.24% during midday trading on Friday, hitting $74.30. The stock had a trading volume of 705,345 shares. C.H. Robinson Worldwide Inc. has a 12-month low of $59.71 and a 12-month high of $76.10. The stock has a 50-day moving average price of $70.61 and a 200 day moving average price of $71.10. The firm has a market cap of $10.52 billion, a P/E ratio of 20.58 and a beta of 0.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data 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 analyst estimates of $3.33 billion. C.H. Robinson Worldwide had a net margin of 4.00% and a return on equity of 42.48%. C.H. Robinson Worldwide’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. On average, equities analysts anticipate that C.H. Robinson Worldwide Inc. will post $3.59 earnings per share for the current fiscal year.

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

In related news, insider Robert C. Biesterfeld, Jr. sold 600 shares of the firm’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 is accessible through this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Company Profile

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