Daiwa Securities Group Inc. Raises Stock Holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

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Daiwa Securities Group Inc. lifted its holdings in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,952 shares of the transportation company’s stock after purchasing an additional 778 shares during the quarter. Daiwa Securities Group Inc.’s holdings in C.H. Robinson Worldwide were worth $505,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bright Rock Capital Management LLC grew its position in shares of C.H. Robinson Worldwide by 77.9% during the 2nd quarter. Bright Rock Capital Management LLC now owns 89,075 shares of the transportation company’s stock worth $7,513,000 after buying an additional 39,000 shares during the period. Rockland Trust Co. grew its position in shares of C.H. Robinson Worldwide by 61.6% during the 2nd quarter. Rockland Trust Co. now owns 176,906 shares of the transportation company’s stock worth $14,922,000 after buying an additional 67,432 shares during the period. DNB Asset Management AS grew its position in shares of C.H. Robinson Worldwide by 6.1% during the 2nd quarter. DNB Asset Management AS now owns 22,255 shares of the transportation company’s stock worth $1,877,000 after buying an additional 1,276 shares during the period. WINTON GROUP Ltd grew its position in shares of C.H. Robinson Worldwide by 11.6% during the 2nd quarter. WINTON GROUP Ltd now owns 9,639 shares of the transportation company’s stock worth $813,000 after buying an additional 1,001 shares during the period. Finally, Zions Bancorporation N.A. grew its position in shares of C.H. Robinson Worldwide by 708.9% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,092 shares of the transportation company’s stock worth $92,000 after buying an additional 957 shares during the period. 91.43% of the stock is owned by institutional investors.

In related news, insider Angela K. Freeman sold 16,356 shares of C.H. Robinson Worldwide stock in a transaction on Monday, August 19th. The shares were sold at an average price of $84.88, for a total value of $1,388,297.28. Following the completion of the sale, the insider now owns 47,594 shares of the company’s stock, valued at approximately $4,039,778.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert C. Biesterfeld, Jr. purchased 665 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, November 1st. The stock was 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. Company insiders own 1.65% of the company’s stock.

NASDAQ CHRW opened at $74.63 on Thursday. The company has a fifty day simple moving average of $83.11 and a 200 day simple moving average of $83.21. C.H. Robinson Worldwide Inc has a 12-month low of $74.12 and a 12-month high of $94.34. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.75. The company has a market cap of $10.40 billion, a P/E ratio of 15.78, a PEG ratio of 1.92 and a beta of 0.62.

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

Several analysts have recently commented on CHRW shares. BidaskClub raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. Robert W. Baird reduced their price objective on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Barclays reaffirmed a “hold” rating and set a $95.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 3rd. Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research report on Friday, July 26th. Finally, Morgan Stanley reduced their price objective on shares of C.H. Robinson Worldwide from $64.00 to $59.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $86.09.

C.H. Robinson Worldwide 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 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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