40,703 Shares in C.H. Robinson Worldwide, Inc. $CHRW Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, Holdings Channel reports. The fund purchased 40,703 shares of the transportation company’s stock, valued at approximately $6,022,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHRW. Vise Technologies Inc. increased 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 worth $1,083,000 after purchasing an additional 1,744 shares in the last quarter. Americana Partners LLC acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $258,000. United Asset Strategies Inc. boosted its position in C.H. Robinson Worldwide by 4.7% in the third quarter. United Asset Strategies Inc. now owns 6,639 shares of the transportation company’s stock valued at $982,000 after buying an additional 297 shares in the last quarter. Generali Asset Management SPA SGR boosted its position in C.H. Robinson Worldwide by 15.9% in the third quarter. Generali Asset Management SPA SGR now owns 6,696 shares of the transportation company’s stock valued at $991,000 after buying an additional 919 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of C.H. Robinson Worldwide by 6.9% during the third quarter. Asset Management One Co. Ltd. now owns 65,111 shares of the transportation company’s stock worth $9,634,000 after buying an additional 4,194 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CHRW has been the subject of several research analyst reports. Susquehanna lowered their price target on shares of C.H. Robinson Worldwide from $180.00 to $166.00 and set a “positive” rating for the company in a report on Monday. Wall Street Zen downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Stephens cut their price objective on C.H. Robinson Worldwide from $200.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Citizens Jmp assumed coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price objective on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $180.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 29th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus price target of $180.52.

C.H. Robinson Worldwide Stock Down 4.1%

NASDAQ:CHRW opened at $128.31 on Friday. The firm’s 50 day simple moving average is $144.17 and its 200 day simple moving average is $168.71. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.34 and a quick ratio of 1.58. C.H. Robinson Worldwide, Inc. has a one year low of $122.21 and a one year high of $210.33. The company has a market cap of $14.88 billion, a PE ratio of 23.04, a P/E/G ratio of 1.09 and a beta of 0.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its 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 firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same period in the previous year, the firm posted $1.40 EPS. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.36 earnings per share for the current year.

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.