C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by KBC Group NV

KBC Group NV raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) by 20.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,184 shares of the transportation company’s stock after purchasing an additional 5,914 shares during the period. KBC Group NV’s holdings in C.H. Robinson Worldwide were worth $3,790,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of C.H. Robinson Worldwide by 2.2% in the 4th quarter. BlackRock Inc. now owns 18,078,740 shares of the transportation company’s stock valued at $1,945,815,000 after acquiring an additional 397,354 shares during the period. First Eagle Investment Management LLC increased its position in shares of C.H. Robinson Worldwide by 0.7% in the 4th quarter. First Eagle Investment Management LLC now owns 10,588,958 shares of the transportation company’s stock valued at $1,139,690,000 after acquiring an additional 77,419 shares during the period. State Street Corp increased its position in shares of C.H. Robinson Worldwide by 1.3% in the 4th quarter. State Street Corp now owns 9,315,625 shares of the transportation company’s stock valued at $1,007,612,000 after acquiring an additional 115,771 shares during the period. Bank of America Corp DE increased its position in shares of C.H. Robinson Worldwide by 1.1% in the 4th quarter. Bank of America Corp DE now owns 4,152,570 shares of the transportation company’s stock valued at $446,940,000 after acquiring an additional 46,861 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of C.H. Robinson Worldwide by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 2,683,992 shares of the transportation company’s stock valued at $288,193,000 after acquiring an additional 40,384 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 2.1 %

Shares of C.H. Robinson Worldwide stock opened at $109.74 on Friday. The firm has a market capitalization of $13.59 billion, a PE ratio of 13.21, a P/E/G ratio of 1.46 and a beta of 0.75. C.H. Robinson Worldwide, Inc. has a twelve month low of $85.80 and a twelve month high of $115.99. The firm’s 50-day moving average price is $102.95 and its 200 day moving average price is $102.37. The company has a current ratio of 1.48, a quick ratio of 1.49 and a debt-to-equity ratio of 0.78.

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, beating analysts’ consensus estimates of $1.88 by $0.79. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $6.78 billion. C.H. Robinson Worldwide had a net margin of 4.15% and a return on equity of 53.97%. C.H. Robinson Worldwide’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $1.44 EPS. On average, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 8.48 EPS for the current fiscal year.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael D. Castagnetto sold 3,747 shares of the firm’s stock in a transaction dated 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 directly 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 available at this link. In other C.H. Robinson Worldwide news, insider Ben G. Campbell sold 4,079 shares of the firm’s stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $113.00, for a total value of $460,927.00. Following the transaction, the insider now directly owns 53,507 shares of the company’s stock, valued at approximately $6,046,291. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Castagnetto sold 3,747 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $110.15, for a total transaction of $412,732.05. Following the completion of the transaction, the insider now directly owns 20,060 shares in the company, valued at $2,209,609. The disclosure for this sale can be found here. In the last three months, insiders have 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 equities research analysts have weighed in on CHRW shares. Robert W. Baird increased their price target on C.H. Robinson Worldwide from $105.00 to $115.00 and gave the stock a “hold” rating in a research report on Thursday, April 28th. Cowen increased their price target on C.H. Robinson Worldwide from $109.00 to $123.00 in a research report on Thursday, April 28th. Credit Suisse Group started coverage on C.H. Robinson Worldwide in a research report on Monday, June 27th. They set an “underperform” rating and a $102.00 price target on the stock. Morgan Stanley increased their price target on C.H. Robinson Worldwide from $63.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, July 28th. Finally, Susquehanna Bancshares increased their price target on C.H. Robinson Worldwide from $95.00 to $107.00 in a research report on Thursday, April 28th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Hold” and an average target price of $111.10.

C.H. Robinson Worldwide Company Profile

(Get Rating)

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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