IFM Investors Pty Ltd Purchases 3,980 Shares of C.H. Robins…

IFM Investors Pty Ltd Purchases 3,980 Shares of C.H. Robins…


IFM Investors Pty Ltd raised its position in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 39.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,149 shares of the transportation company’s stock after acquiring an additional 3,980 shares during the period. IFM Investors Pty Ltd’s holdings in C.H. Robinson Worldwide were worth $1,200,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. D.B. Root & Company LLC boosted its holdings in C.H. Robinson Worldwide by 2.5% during the second quarter. D.B. Root & Company LLC now owns 5,206 shares of the transportation company’s stock valued at $439,000 after acquiring an additional 127 shares during the period. Prudential PLC raised its position in shares of C.H. Robinson Worldwide by 4.1% during the second quarter. Prudential PLC now owns 3,300 shares of the transportation company’s stock valued at $277,000 after buying an additional 131 shares during the last quarter. H D Vest Advisory Services raised its position in shares of C.H. Robinson Worldwide by 1.8% during the second quarter. H D Vest Advisory Services now owns 8,384 shares of the transportation company’s stock valued at $707,000 after buying an additional 150 shares during the last quarter. Brandywine Oak Private Wealth LLC raised its position in shares of C.H. Robinson Worldwide by 6.4% during the third quarter. Brandywine Oak Private Wealth LLC now owns 3,329 shares of the transportation company’s stock valued at $282,000 after buying an additional 200 shares during the last quarter. Finally, Insight 2811 Inc. raised its position in shares of C.H. Robinson Worldwide by 4.3% during the third quarter. Insight 2811 Inc. now owns 4,900 shares of the transportation company’s stock valued at $415,000 after buying an additional 200 shares during the last quarter. Institutional investors own 91.21% of the company’s stock.

CHRW has been the subject of a number of research analyst reports. Cowen cut their price objective on shares of C.H. Robinson Worldwide from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Barclays reaffirmed a “hold” rating and set a $95.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 3rd. Bank of America lowered shares of C.H. Robinson Worldwide from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $89.00 to $80.00 in a research report on Wednesday, October 30th. Morgan Stanley cut their price objective on shares of C.H. Robinson Worldwide from $64.00 to $59.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Finally, Goldman Sachs Group lowered shares of C.H. Robinson Worldwide from a “neutral” rating to a “sell” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $86.09.

NASDAQ:CHRW traded down $1.08 during mid-day trading on Friday, hitting $78.06. The company’s stock had a trading volume of 1,650,500 shares, compared to its average volume of 1,386,929. C.H. Robinson Worldwide Inc has a fifty-two week low of $74.12 and a fifty-two week high of $94.34. The company has a current ratio of 1.87, a quick ratio of 1.81 and a debt-to-equity ratio of 0.75. The stock has a fifty day moving average of $83.72 and a 200-day moving average of $83.49. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 1.89 and a beta of 0.62.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.07). The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.92 billion. C.H. Robinson Worldwide had a return on equity of 40.43% and a net margin of 4.25%. C.H. Robinson Worldwide’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 EPS. On average, equities analysts anticipate that C.H. Robinson Worldwide Inc will post 4.44 earnings per share for the current fiscal year.

In other news, CEO Robert C. Biesterfeld, Jr. bought 665 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $75.15 per share, for a total transaction of $49,974.75. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela K. Freeman sold 16,356 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $84.88, for a total transaction of $1,388,297.28. Following the completion of the transaction, the insider now owns 47,594 shares of the company’s stock, valued at $4,039,778.72. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by insiders.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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