Aviva PLC lifted its position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 41.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,982 shares of the transportation company’s stock after purchasing an additional 29,131 shares during the quarter. Aviva PLC owned about 0.07% of C.H. Robinson Worldwide worth $9,692,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. grew its holdings in C.H. Robinson Worldwide by 23.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,814 shares of the transportation company’s stock valued at $1,744,000 after purchasing an additional 3,430 shares during the period. Dimensional Fund Advisors LP grew its holdings in C.H. Robinson Worldwide by 9.3% in the third quarter. Dimensional Fund Advisors LP now owns 643,337 shares of the transportation company’s stock valued at $62,993,000 after purchasing an additional 54,646 shares during the period. Meiji Yasuda Life Insurance Co acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $294,000. Panagora Asset Management Inc. grew its holdings in C.H. Robinson Worldwide by 113.2% in the third quarter. Panagora Asset Management Inc. now owns 25,348 shares of the transportation company’s stock valued at $2,482,000 after purchasing an additional 13,461 shares during the period. Finally, FDx Advisors Inc. grew its holdings in C.H. Robinson Worldwide by 75.8% in the third quarter. FDx Advisors Inc. now owns 4,405 shares of the transportation company’s stock valued at $431,000 after purchasing an additional 1,900 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.
Shares of NASDAQ:CHRW opened at $91.47 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $12.70 billion, a PE ratio of 26.28, a PEG ratio of 2.24 and a beta of 0.54. C.H. Robinson Worldwide Inc has a 1 year low of $80.83 and a 1 year high of $101.20.
Several analysts have commented on the company. Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Monday. BidaskClub raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, November 27th. Citigroup dropped their price objective on C.H. Robinson Worldwide from $111.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Morgan Stanley set a $67.00 price objective on C.H. Robinson Worldwide and gave the company a “sell” rating in a report on Monday, October 22nd. Finally, Cleveland Research reissued a “neutral” rating on shares of C.H. Robinson Worldwide in a report on Friday, October 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $97.13.
In other news, insider Ben G. Campbell sold 4,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $100.00, for a total value of $400,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.97% of the company’s stock.
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About C.H. Robinson Worldwide
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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