Robeco Institutional Asset Management B.V. Has $17.81 Million Stock Position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

Robeco Institutional Asset Management B.V. lessened its position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 43.7% in the second quarter, HoldingsChannel reports. The fund owned 211,116 shares of the transportation company’s stock after selling 163,853 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in C.H. Robinson Worldwide were worth $17,808,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Buckley Wealth Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 4.7% in the 2nd quarter. Buckley Wealth Management LLC now owns 6,880 shares of the transportation company’s stock worth $580,000 after purchasing an additional 310 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of C.H. Robinson Worldwide by 3.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,609 shares of the transportation company’s stock worth $894,000 after purchasing an additional 384 shares in the last quarter. USS Investment Management Ltd purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $27,134,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in C.H. Robinson Worldwide by 57.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,915 shares of the transportation company’s stock valued at $162,000 after buying an additional 700 shares during the last quarter. Finally, Cascade Investment Advisors Inc. raised its position in C.H. Robinson Worldwide by 9.5% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 11,495 shares of the transportation company’s stock valued at $970,000 after buying an additional 995 shares during the last quarter. 86.10% of the stock is owned by hedge funds and other institutional investors.

In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. bought 1,202 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was purchased at an average cost of $83.18 per share, with a total value of $99,982.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.65% of the company’s stock.

A number of equities research analysts recently commented on CHRW shares. Citigroup lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price target for the company. in a research report on Friday, July 26th. Morgan Stanley set a $65.00 price target on C.H. Robinson Worldwide and gave the company a “sell” rating in a research report on Monday, July 8th. Susquehanna Bancshares lowered C.H. Robinson Worldwide from a “positive” rating to a “neutral” rating in a research report on Wednesday, April 10th. UBS Group lowered C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and lowered their price target for the company from $99.00 to $83.00 in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus set a $95.00 price target on C.H. Robinson Worldwide and gave the company a “buy” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus price target of $90.20.

Shares of C.H. Robinson Worldwide stock traded up $0.66 during trading hours on Friday, hitting $81.66. 1,265,337 shares of the company’s stock traded hands, compared to its average volume of 1,402,760. C.H. Robinson Worldwide Inc has a 12-month low of $77.72 and a 12-month high of $101.20. The stock has a market capitalization of $11.06 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.87 and a beta of 0.65. The stock’s fifty day moving average is $83.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.81 and a quick ratio of 1.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.22. C.H. Robinson Worldwide had a return on equity of 42.88% and a net margin of 4.31%. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the firm posted $1.13 EPS. The business’s revenue was down 8.6% compared to the same quarter last year. Sell-side analysts anticipate that C.H. Robinson Worldwide Inc will post 4.77 earnings per share for the current fiscal year.

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.

Further Reading: QQQ ETF

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

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