C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) by 406.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,155 shares of the transportation company’s stock after purchasing an additional 13,767 shares during the quarter. National Bank of Canada FI’s holdings in C.H. Robinson Worldwide were worth $1,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in C.H. Robinson Worldwide by 2.2% during the fourth quarter. BlackRock Inc. now owns 18,078,740 shares of the transportation company’s stock worth $1,945,815,000 after purchasing an additional 397,354 shares in the last quarter. First Eagle Investment Management LLC grew its stake in 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 last quarter. State Street Corp grew its stake in 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 last quarter. Bank of America Corp DE increased its holdings in C.H. Robinson Worldwide by 1.1% during 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 in the last quarter. Finally, Geode Capital Management LLC raised its position in C.H. Robinson Worldwide by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,683,992 shares of the transportation company’s stock worth $288,193,000 after acquiring an additional 40,384 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Ben G. Campbell sold 4,079 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The stock was 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 $6,046,291. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Michael D. Castagnetto sold 3,747 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $110.15, for a total transaction of $412,732.05. Following the completion of the sale, the insider now directly 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 SEC, which is available through the SEC website. Also, insider Ben G. Campbell sold 4,079 shares of the business’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $113.00, for a total transaction of $460,927.00. Following the completion of the transaction, the insider now owns 53,507 shares in the company, valued at approximately $6,046,291. The disclosure for this sale can be found here. In the last three months, insiders sold 38,208 shares of company stock valued at $4,255,269. Company insiders own 1.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CHRW. Wells Fargo & Company raised their price objective on shares of C.H. Robinson Worldwide from $93.00 to $94.00 and gave the stock an “underweight” rating in a research note on Thursday, July 28th. Cowen upped their price objective on C.H. Robinson Worldwide from $109.00 to $123.00 and gave the company an “outperform” rating in a research report on Thursday, April 28th. Morgan Stanley lifted their price objective 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. JPMorgan Chase & Co. upped their target price on shares of C.H. Robinson Worldwide from $117.00 to $120.00 in a report on Thursday, April 28th. Finally, Evercore ISI lowered their price target on shares of C.H. Robinson Worldwide from $115.00 to $112.00 and set an “in-line” rating for the company in a report on Tuesday, July 12th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $111.10.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW opened at $109.74 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.48 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 1-year low of $85.80 and a 1-year high of $115.99. The firm has a market capitalization of $13.59 billion, a P/E ratio of 13.21, a P/E/G ratio of 1.46 and a beta of 0.75. The business’s 50-day simple moving average is $102.95 and its 200-day simple moving average is $102.37.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last announced 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. C.H. Robinson Worldwide had a net margin of 4.15% and a return on equity of 53.97%. The firm had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $6.78 billion. During the same period in the previous year, the company posted $1.44 earnings per share. C.H. Robinson Worldwide’s revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 8.48 EPS for the current 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.

See Also

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

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