State of Alaska Department of Revenue trimmed its position in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,643 shares of the transportation company’s stock after selling 2,045 shares during the quarter. State of Alaska Department of Revenue’s holdings in C.H. Robinson Worldwide were worth $4,186,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of CHRW. D.B. Root & Company LLC grew its stake in shares of 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 purchasing an additional 127 shares during the last quarter. Davy Asset Management Ltd bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $383,000. FDx Advisors Inc. grew its stake in shares of C.H. Robinson Worldwide by 85.4% during the second quarter. FDx Advisors Inc. now owns 4,836 shares of the transportation company’s stock valued at $408,000 after purchasing an additional 2,227 shares during the last quarter. QV Investors Inc. bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $6,668,000. Finally, Buckley Wealth Management LLC lifted its holdings in C.H. Robinson Worldwide by 4.7% in the second quarter. Buckley Wealth Management LLC now owns 6,880 shares of the transportation company’s stock valued at $580,000 after buying an additional 310 shares during the period. 86.10% of the stock is currently owned by hedge funds and other institutional investors.
CHRW traded up $0.68 during mid-day trading on Friday, hitting $81.68. The stock had a trading volume of 38,563 shares, compared to its average volume of 1,151,431. The business’s fifty day simple moving average is $83.93. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.91 and a quick ratio of 1.91. The firm has a market cap of $11.14 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.92 and a beta of 0.63. C.H. Robinson Worldwide Inc has a 1-year low of $77.72 and a 1-year high of $101.20.
Several brokerages recently weighed in on CHRW. Stephens cut their price objective on shares of C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a report on Friday, July 26th. BidaskClub lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Susquehanna Bancshares lowered shares of C.H. Robinson Worldwide from a “positive” rating to a “neutral” rating in a report on Wednesday, April 10th. Finally, UBS Group lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and cut their price objective for the company from $99.00 to $83.00 in a report on Wednesday, May 1st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $93.15.
In other news, CEO Robert C. Biesterfeld, Jr. bought 1,202 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were bought at an average cost of $83.18 per share, for a total transaction of $99,982.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.65% of the company’s stock.
About C.H. Robinson Worldwide
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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