C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 29.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,324 shares of the transportation company’s stock after selling 952 shares during the quarter. Stephens Inc. AR’s holdings in C.H. Robinson Worldwide were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CHRW. First Eagle Investment Management LLC lifted its holdings in shares of C.H. Robinson Worldwide by 21.1% during the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after acquiring an additional 2,003,158 shares in the last quarter. Interval Partners LP acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $82,581,000. Point72 Asset Management L.P. acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at $69,378,000. ProShare Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after buying an additional 526,872 shares in the last quarter. Finally, Vest Financial LLC lifted its holdings in C.H. Robinson Worldwide by 44.1% in the 2nd quarter. Vest Financial LLC now owns 627,804 shares of the transportation company’s stock worth $55,322,000 after buying an additional 192,205 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ:CHRW opened at $107.91 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The firm has a 50-day simple moving average of $105.90 and a 200 day simple moving average of $94.14. The company has a market cap of $12.76 billion, a PE ratio of 37.34, a P/E/G ratio of 1.19 and a beta of 0.84.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.33 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on CHRW. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $140.00 in a report on Friday, October 4th. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Susquehanna cut their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Robert W. Baird boosted their price objective on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $106.25.

About C.H. Robinson Worldwide

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.