C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY lessened its position in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,592 shares of the transportation company’s stock after selling 1,787 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in C.H. Robinson Worldwide were worth $2,170,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in shares of C.H. Robinson Worldwide by 3.8% during the second quarter. Commonwealth Equity Services LLC now owns 10,609 shares of the transportation company’s stock valued at $894,000 after acquiring an additional 384 shares during the last quarter. Manning & Napier Group LLC lifted its stake in C.H. Robinson Worldwide by 21.9% during the 2nd quarter. Manning & Napier Group LLC now owns 75,285 shares of the transportation company’s stock worth $6,349,000 after acquiring an additional 13,511 shares in the last quarter. Brookstone Capital Management boosted its holdings in C.H. Robinson Worldwide by 38.1% during the 2nd quarter. Brookstone Capital Management now owns 7,213 shares of the transportation company’s stock valued at $608,000 after acquiring an additional 1,989 shares during the period. Ballentine Partners LLC boosted its holdings in C.H. Robinson Worldwide by 14.0% during the 2nd quarter. Ballentine Partners LLC now owns 3,246 shares of the transportation company’s stock valued at $274,000 after acquiring an additional 399 shares during the period. Finally, SNS Financial Group LLC acquired a new position in C.H. Robinson Worldwide in the 2nd quarter valued at about $2,901,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. Bank of America lowered shares of C.H. Robinson Worldwide from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $89.00 to $80.00 in a research note on Wednesday, October 30th. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Morgan Stanley restated a “sell” rating and issued a $64.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, October 31st. Goldman Sachs Group downgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Barclays reiterated a “hold” rating and set a $95.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 3rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average price target of $86.70.

In other news, CTO Michael W. Neill sold 671 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $74.63, for a total transaction of $50,076.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert C. Biesterfeld, Jr. acquired 665 shares of the stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $75.15 per share, with a total value of $49,974.75. The disclosure for this purchase can be found here. 1.65% of the stock is owned by company insiders.

CHRW stock opened at $76.02 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market capitalization of $10.39 billion, a P/E ratio of 16.07, a P/E/G ratio of 1.92 and a beta of 0.60. The business’s 50-day moving average is $79.99 and its two-hundred day moving average is $82.47. C.H. Robinson Worldwide Inc has a 1 year low of $74.12 and a 1 year high of $92.72.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.07 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.07). C.H. Robinson Worldwide had a return on equity of 40.43% and a net margin of 4.25%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. On average, analysts expect that C.H. Robinson Worldwide Inc will post 4.44 EPS for the current year.

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 North American Surface Transportation and Global Forwarding segments. 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 that include the 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 offers door-to-door services.

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

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