C.H. Robinson Worldwide Inc (CHRW) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 24.2% during the third quarter, HoldingsChannel reports. The firm owned 155,866 shares of the transportation company’s stock after acquiring an additional 30,413 shares during the period. Hsbc Holdings PLC’s holdings in C.H. Robinson Worldwide were worth $15,262,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in C.H. Robinson Worldwide by 12.1% during the second quarter. Janney Montgomery Scott LLC now owns 9,360 shares of the transportation company’s stock worth $783,000 after purchasing an additional 1,014 shares during the last quarter. Eqis Capital Management Inc. bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $690,000. Piedmont Investment Advisors LLC bought a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $132,000. Raymond James Financial Services Advisors Inc. increased its holdings in C.H. Robinson Worldwide by 84.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,751 shares of the transportation company’s stock valued at $1,736,000 after purchasing an additional 9,486 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in C.H. Robinson Worldwide by 8.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 489,260 shares of the transportation company’s stock valued at $40,931,000 after purchasing an additional 37,134 shares during the period. 86.14% of the stock is currently owned by institutional investors.

CHRW has been the topic of several recent analyst reports. Cleveland Research reissued a “neutral” rating on shares of C.H. Robinson Worldwide in a research report on Friday, October 19th. Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Monday, September 3rd. BidaskClub cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Loop Capital initiated coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, October 17th. They issued a “buy” rating and a $107.00 price objective for the company. Finally, Morgan Stanley set a $67.00 price objective on shares of C.H. Robinson Worldwide and gave the stock a “sell” rating in a report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $96.87.

In related news, insider Ben G. Campbell sold 4,000 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $100.00, for a total transaction of $400,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.97% of the stock is owned by corporate insiders.

Shares of C.H. Robinson Worldwide stock opened at $92.33 on Monday. The company has a market cap of $12.70 billion, a P/E ratio of 26.53, a P/E/G ratio of 2.24 and a beta of 0.54. C.H. Robinson Worldwide Inc has a twelve month low of $80.83 and a twelve month high of $101.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.85 and a current ratio of 1.85.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, October 30th. The transportation company reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.08. The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.30 billion. C.H. Robinson Worldwide had a net margin of 3.83% and a return on equity of 41.22%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. On average, research analysts anticipate that C.H. Robinson Worldwide Inc will post 4.57 earnings per share for the current fiscal year.

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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 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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Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide Inc (NASDAQ:CHRW).

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

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