5,800 Shares in C.H. Robinson Worldwide, Inc. (CHRW) Acquired by Washington Capital Management Inc.

Washington Capital Management Inc. purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,800 shares of the transportation company’s stock, valued at approximately $441,000.

A number of other hedge funds also recently bought and sold shares of CHRW. Nicolet Bankshares Inc. bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $202,000. Integrated Investment Consultants LLC boosted its holdings in shares of C.H. Robinson Worldwide by 39.0% in the 3rd quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock valued at $204,000 after buying an additional 750 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $205,000. MML Investors Services LLC boosted its stake in C.H. Robinson Worldwide by 10.2% in the 2nd quarter. MML Investors Services LLC now owns 3,025 shares of the transportation company’s stock worth $208,000 after purchasing an additional 280 shares in the last quarter. Finally, Sawtooth Solutions LLC boosted its stake in C.H. Robinson Worldwide by 2.5% in the 2nd quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock worth $208,000 after purchasing an additional 73 shares in the last quarter. 94.68% of the stock is currently owned by institutional investors.

A number of research firms recently commented on CHRW. Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Wednesday, November 8th. Goldman Sachs Group started coverage on shares of C.H. Robinson Worldwide in a research note on Monday, November 13th. They set a “neutral” rating and a $78.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of C.H. Robinson Worldwide from $71.00 to $82.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. Oppenheimer restated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, November 1st. Finally, Cowen lifted their target price on shares of C.H. Robinson Worldwide from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus price target of $77.35.

In other C.H. Robinson Worldwide news, VP Ben G. Campbell sold 4,865 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $85.00, for a total value of $413,525.00. Following the transaction, the vice president now directly owns 29,837 shares in the company, valued at $2,536,145. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Angela K. Freeman sold 1,300 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $80.64, for a total transaction of $104,832.00. The disclosure for this sale can be found here. Insiders have sold 22,903 shares of company stock worth $1,854,925 over the last quarter. Insiders own 0.85% of the company’s stock.

C.H. Robinson Worldwide, Inc. (CHRW) opened at $86.76 on Tuesday. C.H. Robinson Worldwide, Inc. has a 1 year low of $63.41 and a 1 year high of $89.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $12,064.13, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.97 and a beta of 0.48.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.03. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.65 billion. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. C.H. Robinson Worldwide’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.33 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “5,800 Shares in C.H. Robinson Worldwide, Inc. (CHRW) Acquired by Washington Capital Management Inc.” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/12/05/washington-capital-management-inc-takes-441000-position-in-c-h-robinson-worldwide-inc-chrw.html.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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

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

Leave a Reply