Sumitomo Mitsui Trust Holdings Inc. grew its position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 4.5% during the third quarter, HoldingsChannel.com reports. The firm owned 511,232 shares of the transportation company’s stock after acquiring an additional 21,972 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in C.H. Robinson Worldwide were worth $50,060,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CHRW. Amalgamated Bank grew its stake in C.H. Robinson Worldwide by 6.2% during the second quarter. Amalgamated Bank now owns 21,580 shares of the transportation company’s stock worth $1,805,000 after buying an additional 1,257 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in C.H. Robinson Worldwide by 23.8% during the second quarter. Nisa Investment Advisors LLC now owns 26,257 shares of the transportation company’s stock worth $2,197,000 after buying an additional 5,055 shares in the last quarter. Sit Investment Associates Inc. grew its stake in C.H. Robinson Worldwide by 77.5% during the second quarter. Sit Investment Associates Inc. now owns 1,775 shares of the transportation company’s stock worth $148,000 after buying an additional 775 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in C.H. Robinson Worldwide by 8,439.9% during the second quarter. Cornerstone Wealth Management LLC now owns 430,412 shares of the transportation company’s stock worth $5,027,000 after buying an additional 425,372 shares in the last quarter. Finally, Unigestion Holding SA acquired a new stake in C.H. Robinson Worldwide during the second quarter worth about $22,540,000. Hedge funds and other institutional investors own 88.22% of the company’s stock.

CHRW opened at $90.57 on Tuesday. C.H. Robinson Worldwide Inc has a 1-year low of $77.90 and a 1-year high of $101.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $12.49 billion, a PE ratio of 26.03, a P/E/G ratio of 2.21 and a beta of 0.52.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.08. C.H. Robinson Worldwide had a net margin of 3.83% and a return on equity of 41.22%. The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company posted $0.85 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts expect that C.H. Robinson Worldwide Inc will post 4.57 earnings per share for the current year.

In related news, insider Angela K. Freeman sold 1,589 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $96.71, for a total transaction of $153,672.19. Following the sale, the insider now directly owns 24,136 shares in the company, valued at approximately $2,334,192.56. The transaction was disclosed in a filing with the SEC, 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 that occurred on Monday, September 10th. The stock was sold at an average price of $100.00, for a total transaction of $400,000.00. The disclosure for this sale can be found here. 0.97% of the stock is owned by company insiders.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Monday. Citigroup reduced their price objective on shares of C.H. Robinson Worldwide from $111.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Morgan Stanley set a $67.00 price target on shares of C.H. Robinson Worldwide and gave the company a “sell” rating in a research note on Monday, October 22nd. Cleveland Research restated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Friday, October 19th. Finally, Loop Capital started coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, October 17th. They issued a “buy” rating and a $107.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $97.53.

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

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