C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Swiss National Bank

Swiss National Bank cut its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 362,900 shares of the transportation company’s stock after selling 10,500 shares during the period. Swiss National Bank’s holdings in C.H. Robinson Worldwide were worth $31,351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. grew its position in C.H. Robinson Worldwide by 15.0% in the 3rd quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company’s stock valued at $184,985,000 after acquiring an additional 280,177 shares in the last quarter. Wellington Management Group LLP increased its stake in C.H. Robinson Worldwide by 20.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company’s stock worth $145,333,000 after buying an additional 280,938 shares during the period. Northern Trust Corp lifted its holdings in C.H. Robinson Worldwide by 15.9% during the 3rd quarter. Northern Trust Corp now owns 1,536,430 shares of the transportation company’s stock worth $132,333,000 after buying an additional 211,089 shares in the last quarter. Royal Bank of Canada boosted its position in C.H. Robinson Worldwide by 13.0% in the 3rd quarter. Royal Bank of Canada now owns 1,338,395 shares of the transportation company’s stock valued at $115,275,000 after buying an additional 154,381 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of C.H. Robinson Worldwide by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,024,235 shares of the transportation company’s stock worth $88,217,000 after acquiring an additional 27,377 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Up 1.0 %

CHRW opened at $79.53 on Wednesday. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 3.98 and a beta of 0.75. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $104.58. The business’s 50 day moving average is $73.06 and its two-hundred day moving average is $78.99. The company has a quick ratio of 1.40, a current ratio of 1.37 and a debt-to-equity ratio of 0.99.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.60 by $0.26. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. C.H. Robinson Worldwide’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.4 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on CHRW. BMO Capital Markets lifted their target price on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Barclays boosted their price objective on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. Stifel Nicolaus raised their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of C.H. Robinson Worldwide from $70.00 to $76.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. Six investment 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. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $82.60.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.