Comerica Securities Inc. Invests $224,000 in C.H. Robinson Worldwide Inc (CHRW) Stock

Comerica Securities Inc. acquired a new position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 2,286 shares of the transportation company’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHRW. Luminus Management LLC lifted its holdings in C.H. Robinson Worldwide by 268.3% in the 2nd quarter. Luminus Management LLC now owns 1,253,027 shares of the transportation company’s stock worth $104,828,000 after buying an additional 912,800 shares during the period. Janus Henderson Group PLC lifted its stake in shares of C.H. Robinson Worldwide by 255.2% in the 2nd quarter. Janus Henderson Group PLC now owns 1,246,059 shares of the transportation company’s stock valued at $104,245,000 after purchasing an additional 895,269 shares during the period. Bank of America Corp DE lifted its stake in shares of C.H. Robinson Worldwide by 10.8% in the 2nd quarter. Bank of America Corp DE now owns 6,253,343 shares of the transportation company’s stock valued at $523,154,000 after purchasing an additional 607,678 shares during the period. Millennium Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $48,497,000. Finally, Cornerstone Wealth Management LLC lifted its stake in shares of C.H. Robinson Worldwide by 8,439.9% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 430,412 shares of the transportation company’s stock valued at $5,027,000 after purchasing an additional 425,372 shares during the period. Institutional investors and hedge funds own 86.15% of the company’s stock.

A number of research analysts have recently commented on CHRW shares. Zacks Investment Research upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Monday, September 3rd. BidaskClub cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Loop Capital started coverage on C.H. Robinson Worldwide in a research note on Wednesday, October 17th. They issued a “buy” rating and a $107.00 target price for the company. Cleveland Research restated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Friday, October 19th. Finally, Morgan Stanley set a $67.00 target price on C.H. Robinson Worldwide and gave the company a “sell” rating in a research note on Monday, October 22nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus target price of $96.31.

In other C.H. Robinson Worldwide news, CEO John Wiehoff sold 30,000 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 17th. The stock was sold at an average price of $96.45, for a total transaction of $2,893,500.00. Following the completion of the transaction, the chief executive officer now owns 715,727 shares in the company, valued at $69,031,869.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ben G. Campbell sold 4,000 shares of C.H. Robinson Worldwide stock in a transaction on Monday, September 10th. The shares were sold at an average price of $100.00, for a total value of $400,000.00. The disclosure for this sale can be found here. Insiders have sold 41,779 shares of company stock valued at $4,047,974 in the last quarter. 0.97% of the stock is owned by company insiders.

Shares of NASDAQ:CHRW opened at $89.61 on Friday. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 2.22 and a beta of 0.52. C.H. Robinson Worldwide Inc has a 12-month low of $77.52 and a 12-month high of $101.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.81.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, October 30th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.08. The business had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.30 billion. C.H. Robinson Worldwide had a return on equity of 41.22% and a net margin of 3.83%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. As a group, research analysts anticipate that C.H. Robinson Worldwide Inc will post 4.57 EPS for the current year.

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C.H. Robinson Worldwide 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 three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. 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, which is 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 provides door-to-door services.

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Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide Inc (NASDAQ:CHRW).

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

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