AIA Group Ltd Grows Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

AIA Group Ltd increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) by 27.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,690 shares of the transportation company’s stock after buying an additional 363 shares during the period. AIA Group Ltd’s holdings in C.H. Robinson Worldwide were worth $182,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. Marshall Wace LLP purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth $57,783,000. Polaris Wealth Advisory Group LLC acquired a new position in C.H. Robinson Worldwide during the 1st quarter worth $42,005,000. BlackRock Inc. grew its holdings in C.H. Robinson Worldwide by 2.2% during the 4th quarter. BlackRock Inc. now owns 18,078,740 shares of the transportation company’s stock worth $1,945,815,000 after acquiring an additional 397,354 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in C.H. Robinson Worldwide by 104.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 559,540 shares of the transportation company’s stock worth $60,223,000 after acquiring an additional 285,958 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in C.H. Robinson Worldwide by 66.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 455,116 shares of the transportation company’s stock worth $49,306,000 after acquiring an additional 181,671 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 3,747 shares of the business’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $110.15, for a total value of $412,732.05. Following the sale, the insider now owns 20,060 shares of the company’s stock, valued at approximately $2,209,609. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Michael D. Castagnetto sold 3,747 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $110.15, for a total value of $412,732.05. Following the transaction, the insider now owns 20,060 shares of the company’s stock, valued at approximately $2,209,609. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jordan T. Kass sold 1,583 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $110.14, for a total transaction of $174,351.62. Following the sale, the insider now directly owns 45,602 shares of the company’s stock, valued at $5,022,604.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,208 shares of company stock valued at $4,255,269. 1.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CHRW shares. JPMorgan Chase & Co. raised their price objective on shares of C.H. Robinson Worldwide from $117.00 to $120.00 in a report on Thursday, April 28th. Cowen raised their price objective on shares of C.H. Robinson Worldwide from $109.00 to $123.00 and gave the stock an “outperform” rating in a report on Thursday, April 28th. Morgan Stanley raised their price objective on shares of C.H. Robinson Worldwide from $63.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, July 28th. Citigroup lifted their price target on shares of C.H. Robinson Worldwide from $113.00 to $123.00 in a report on Thursday, July 28th. Finally, Wells Fargo & Company lifted their price target on shares of C.H. Robinson Worldwide from $93.00 to $94.00 and gave the company an “underweight” rating in a report on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus price target of $111.10.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $109.74 on Friday. The company has a 50-day simple moving average of $102.95 and a 200 day simple moving average of $102.37. The company has a market capitalization of $13.59 billion, a P/E ratio of 13.21, a PEG ratio of 1.46 and a beta of 0.75. The company has a quick ratio of 1.49, a current ratio of 1.48 and a debt-to-equity ratio of 0.78. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $85.80 and a fifty-two week high of $115.99.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The transportation company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.79. C.H. Robinson Worldwide had a net margin of 4.15% and a return on equity of 53.97%. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $6.78 billion. During the same period in the prior year, the business posted $1.44 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 8.48 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Company Profile

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C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and 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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