C.H. Robinson Worldwide, Inc. $CHRW Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,267 shares of the transportation company’s stock after selling 18,447 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.22% of C.H. Robinson Worldwide worth $38,805,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CHRW. Mirae Asset Global Investments Co. Ltd. acquired a new stake in C.H. Robinson Worldwide in the third quarter worth about $6,022,000. Vise Technologies Inc. lifted its position in C.H. Robinson Worldwide by 31.3% during the 3rd quarter. Vise Technologies Inc. now owns 7,317 shares of the transportation company’s stock valued at $1,083,000 after purchasing an additional 1,744 shares during the period. Americana Partners LLC bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at about $258,000. United Asset Strategies Inc. boosted its stake in shares of C.H. Robinson Worldwide by 4.7% in the 3rd quarter. United Asset Strategies Inc. now owns 6,639 shares of the transportation company’s stock valued at $982,000 after purchasing an additional 297 shares during the last quarter. Finally, Generali Asset Management SPA SGR grew its position in shares of C.H. Robinson Worldwide by 15.9% during the 3rd quarter. Generali Asset Management SPA SGR now owns 6,696 shares of the transportation company’s stock worth $991,000 after buying an additional 919 shares during the period. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Up 0.2%

Shares of NASDAQ:CHRW opened at $133.84 on Thursday. The company has a 50 day moving average price of $144.63 and a two-hundred day moving average price of $168.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 1.34. The company has a market capitalization of $15.52 billion, a PE ratio of 24.03, a PEG ratio of 1.09 and a beta of 0.95. C.H. Robinson Worldwide, Inc. has a 52 week low of $122.21 and a 52 week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 28th. The transportation company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.05. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period last year, the firm posted $1.40 earnings per share. The business’s quarterly revenue was up 29.5% compared to the same quarter last year. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a $180.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 29th. Stifel Nicolaus reduced their price objective on shares of C.H. Robinson Worldwide from $209.00 to $198.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Stephens dropped their target price on shares of C.H. Robinson Worldwide from $200.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. UBS Group decreased their price objective on C.H. Robinson Worldwide from $230.00 to $204.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, Susquehanna dropped their price objective on C.H. Robinson Worldwide from $180.00 to $166.00 and set a “positive” rating for the company in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.52.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.