Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 9.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,225 shares of the transportation company’s stock after selling 2,508 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in C.H. Robinson Worldwide were worth $2,372,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Fort L.P. acquired a new position in C.H. Robinson Worldwide in the 2nd quarter worth $116,000. Piedmont Investment Advisors LLC bought a new position in C.H. Robinson Worldwide in the 2nd quarter worth about $132,000. Migdal Insurance & Financial Holdings Ltd. grew its position in C.H. Robinson Worldwide by 104.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,647 shares of the transportation company’s stock worth $161,000 after purchasing an additional 841 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $197,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $206,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.
In other C.H. Robinson Worldwide 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.97% of the company’s stock.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, October 30th. The transportation company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.08. The firm had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.30 billion. C.H. Robinson Worldwide had a net margin of 3.83% and a return on equity of 41.22%. The business’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 business earned $0.85 earnings per share. On average, analysts predict that C.H. Robinson Worldwide Inc will post 4.57 EPS for the current year.
CHRW has been the subject of several recent research reports. Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Monday. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. Citigroup cut their target price on shares of C.H. Robinson Worldwide from $111.00 to $102.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Morgan Stanley set a $67.00 target price on shares of C.H. Robinson Worldwide and gave the company a “sell” rating in a research note on Monday, October 22nd. Finally, Cleveland Research reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. C.H. Robinson Worldwide has an average rating of “Hold” and an average target price of $97.13.
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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