US Bancorp DE Has $91.17 Million Holdings in C.H. Robinson Worldwide Inc (CHRW)

US Bancorp DE raised its position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 931,037 shares of the transportation company’s stock after buying an additional 18,976 shares during the period. US Bancorp DE owned approximately 0.67% of C.H. Robinson Worldwide worth $91,167,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Fort L.P. bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $116,000. Piedmont Investment Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $132,000. Sit Investment Associates Inc. lifted its position in shares of C.H. Robinson Worldwide by 77.5% during the second quarter. Sit Investment Associates Inc. now owns 1,775 shares of the transportation company’s stock worth $148,000 after purchasing an additional 775 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $177,000. Finally, Chicago Capital LLC bought a new position in shares of C.H. Robinson Worldwide during the second quarter worth about $201,000. 86.04% of the stock is owned by institutional investors.

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 1,589 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $96.71, for a total value of $153,672.19. Following the sale, the insider now owns 24,136 shares in the company, valued at $2,334,192.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael John Short sold 4,527 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $96.12, for a total transaction of $435,135.24. Following the completion of the sale, the insider now owns 14,717 shares in the company, valued at approximately $1,414,598.04. The disclosure for this sale can be found here. Insiders sold 46,758 shares of company stock worth $4,526,546 in the last 90 days. 0.97% of the stock is owned by company insiders.

CHRW has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from an “underweight” rating to a “neutral” rating and set a $71.00 target price on the stock in a report on Wednesday, July 11th. Bank of America cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating in a report on Thursday, August 9th. BidaskClub cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Credit Suisse Group raised their target price on shares of C.H. Robinson Worldwide from $82.00 to $86.00 and gave the stock an “underperform” rating in a report on Thursday, August 2nd. Finally, Robert W. Baird reissued a “neutral” rating on shares of C.H. Robinson Worldwide in a report on Wednesday, August 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $95.06.

Shares of NASDAQ CHRW opened at $90.90 on Friday. C.H. Robinson Worldwide Inc has a 52-week low of $77.52 and a 52-week high of $101.20. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.17 by $0.08. C.H. Robinson Worldwide had a net margin of 3.83% and a return on equity of 41.85%. The company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the business earned $0.85 earnings per share. C.H. Robinson Worldwide’s revenue was up 13.4% compared to the same quarter last year. As a group, analysts anticipate that C.H. Robinson Worldwide Inc will post 4.49 EPS for the current fiscal year.

C.H. Robinson Worldwide 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 three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. 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, which is 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 provides door-to-door services.

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

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