Axa lessened its position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 18.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,395 shares of the transportation company’s stock after selling 41,900 shares during the quarter. Axa owned about 0.13% of C.H. Robinson Worldwide worth $17,566,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fort L.P. bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth about $116,000. Piedmont Investment Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $132,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of C.H. Robinson Worldwide by 104.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,647 shares of the transportation company’s stock valued at $161,000 after acquiring an additional 841 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $197,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $206,000. Hedge funds and other institutional investors own 88.22% of the company’s stock.
Several brokerages have recently weighed in on CHRW. Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research report on Thursday. Citigroup decreased their target price on shares of C.H. Robinson Worldwide from $111.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Morgan Stanley set a $67.00 target price on shares of C.H. Robinson Worldwide and gave the company a “sell” rating in a research report on Monday, October 22nd. Cleveland Research reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research report on Friday, October 19th. Finally, Loop Capital began coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 17th. They set a “buy” rating and a $107.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $96.87.
NASDAQ:CHRW opened at $89.23 on Friday. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 2.17 and a beta of 0.52. C.H. Robinson Worldwide Inc has a 12 month low of $77.90 and a 12 month high of $101.20. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.86.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.08. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.30 billion. C.H. Robinson Worldwide had a net margin of 3.83% and a return on equity of 41.22%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. Research analysts predict that C.H. Robinson Worldwide Inc will post 4.57 earnings per share for the current fiscal year.
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 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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