AIA Group Ltd Boosts Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

AIA Group Ltd grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) by 27.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in CHRW. BlackRock Inc. grew 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 buying an additional 397,354 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 0.7% during the fourth quarter. First Eagle Investment Management LLC now owns 10,588,958 shares of the transportation company’s stock worth $1,139,690,000 after purchasing an additional 77,419 shares during the last quarter. State Street Corp increased its position in shares of C.H. Robinson Worldwide by 1.3% during the fourth quarter. State Street Corp now owns 9,315,625 shares of the transportation company’s stock worth $1,007,612,000 after purchasing an additional 115,771 shares in the last quarter. Bank of America Corp DE lifted its holdings 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 purchasing an additional 46,861 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 purchasing 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 Price Performance

Shares of NASDAQ CHRW opened at $109.74 on Friday. The company’s fifty day moving average is $102.95 and its two-hundred day moving average is $102.37. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.49 and a current ratio of 1.48. The firm 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. C.H. Robinson Worldwide, Inc. has a one year low of $85.80 and a one year high of $115.99.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The transportation company reported $2.67 EPS 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 firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $6.78 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 8.48 EPS for the current fiscal year.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide 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 transaction of $412,732.05. Following the sale, the insider now directly owns 20,060 shares in the company, valued at $2,209,609. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 3,747 shares of C.H. Robinson Worldwide stock in a transaction dated 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 transaction, the insider now owns 20,060 shares in the company, valued at $2,209,609. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert C. Biesterfeld, Jr. sold 4,286 shares of the stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $109.00, for a total transaction of $467,174.00. Following the completion of the sale, the chief executive officer now owns 181,610 shares in the company, valued at $19,795,490. The disclosure for this sale can be found here. Insiders sold 38,208 shares of company stock valued at $4,255,269 in the last ninety days. Corporate insiders own 1.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CHRW. Morgan Stanley lifted 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. Stifel Nicolaus upped their price target on shares of C.H. Robinson Worldwide from $117.00 to $123.00 in a research report on Thursday, July 28th. JPMorgan Chase & Co. raised their price objective on shares of C.H. Robinson Worldwide from $117.00 to $120.00 in a research report on Thursday, April 28th. Susquehanna upped their target price on shares of C.H. Robinson Worldwide from $95.00 to $107.00 in a report on Thursday, April 28th. Finally, Wells Fargo & Company raised their price target on C.H. Robinson Worldwide from $93.00 to $94.00 and gave the stock an “underweight” rating in a report on Thursday, July 28th. Three investment 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.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus price target of $111.10.

About C.H. Robinson Worldwide

(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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