C.H. Robinson Worldwide, Inc. $CHRW Stock Position Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 262,267 shares of the transportation company’s stock after selling 18,447 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in C.H. Robinson Worldwide were worth $38,805,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. WCM Investment Management LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $579,922,000. Dimensional Fund Advisors LP lifted its stake in C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock valued at $181,810,000 after buying an additional 25,674 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of C.H. Robinson Worldwide by 13.7% in the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock valued at $175,304,000 after buying an additional 127,103 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $172,626,000. Finally, Hamlin Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $123,176,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Evercore set a $217.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Freedom Capital raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Raymond James Financial set a $163.00 target price on C.H. Robinson Worldwide in a report on Thursday, October 29th. Jefferies Financial Group reiterated a “buy” rating and set a $180.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 29th. Finally, Stifel Nicolaus dropped their price target on C.H. Robinson Worldwide from $209.00 to $198.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.52.

C.H. Robinson Worldwide Stock Up 0.2%

Shares of CHRW stock opened at $133.84 on Thursday. The firm’s fifty day moving average price is $144.63 and its two-hundred day moving average price is $168.94. The company has a current ratio of 1.34, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. C.H. Robinson Worldwide, Inc. has a 1 year low of $122.21 and a 1 year high of $210.33. The firm has a market capitalization of $15.52 billion, a P/E ratio of 24.03, a PEG ratio of 1.09 and a beta of 0.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 28th. The transportation company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.05. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.92 billion. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The company’s quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 EPS. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.36 EPS for the current fiscal year.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.