Janney Montgomery Scott LLC Raises Holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

Janney Montgomery Scott LLC lifted its holdings in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 101.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 16,606 shares of the transportation company’s stock after acquiring an additional 8,376 shares during the period. Janney Montgomery Scott LLC’s holdings in C.H. Robinson Worldwide were worth $1,408,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in C.H. Robinson Worldwide by 2.3% in the second quarter. Vanguard Group Inc. now owns 17,460,908 shares of the transportation company’s stock valued at $1,472,827,000 after buying an additional 386,317 shares during the last quarter. BlackRock Inc. boosted its position in C.H. Robinson Worldwide by 2.0% in the second quarter. BlackRock Inc. now owns 12,301,552 shares of the transportation company’s stock valued at $1,037,635,000 after buying an additional 239,995 shares during the last quarter. Bank of America Corp DE boosted its position in C.H. Robinson Worldwide by 23.7% in the second quarter. Bank of America Corp DE now owns 6,170,226 shares of the transportation company’s stock valued at $520,459,000 after buying an additional 1,182,142 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in C.H. Robinson Worldwide by 1.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,264,674 shares of the transportation company’s stock valued at $275,375,000 after buying an additional 38,551 shares during the last quarter. Finally, Boston Partners purchased a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $208,861,000. Institutional investors and hedge funds own 91.21% of the company’s stock.

C.H. Robinson Worldwide stock opened at $79.14 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.81 and a debt-to-equity ratio of 0.75. C.H. Robinson Worldwide Inc has a 12 month low of $74.12 and a 12 month high of $94.34. The stock’s 50 day simple moving average is $83.87 and its two-hundred day simple moving average is $83.54. The firm has a market cap of $10.33 billion, a PE ratio of 15.94, a P/E/G ratio of 1.89 and a beta of 0.62.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.07). C.H. Robinson Worldwide had a return on equity of 40.43% and a net margin of 4.25%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, equities research analysts forecast that C.H. Robinson Worldwide Inc will post 4.44 EPS for the current year.

In related news, CEO Robert C. Biesterfeld, Jr. acquired 665 shares of the stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $75.15 per share, for a total transaction of $49,974.75. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Ben G. Campbell sold 20,425 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $84.00, for a total value of $1,715,700.00. Following the completion of the sale, the insider now owns 43,006 shares in the company, valued at approximately $3,612,504. The disclosure for this sale can be found here. Corporate insiders own 1.65% of the company’s stock.

A number of brokerages recently commented on CHRW. Barclays reiterated a “hold” rating and issued a $95.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, October 3rd. Goldman Sachs Group lowered C.H. Robinson Worldwide from a “neutral” rating to a “sell” rating in a research report on Friday, November 1st. Cowen dropped their target price on C.H. Robinson Worldwide from $106.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Bank of America lowered C.H. Robinson Worldwide from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $89.00 to $80.00 in a research report on Wednesday, October 30th. Finally, Robert W. Baird dropped their target price on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $86.09.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

See Also: Straddles

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

Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply