ARP Americas LP Acquires Shares of 2,400 C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

ARP Americas LP acquired a new stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,400 shares of the transportation company’s stock, valued at approximately $203,000.

Several other large investors have also recently made changes to their positions in CHRW. Berman Capital Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 245.3% in the 2nd quarter. Berman Capital Advisors LLC now owns 328 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 233 shares during the last quarter. Valeo Financial Advisors LLC increased its position in shares of C.H. Robinson Worldwide by 813.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 338 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 301 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at approximately $42,000. Signaturefd LLC increased its position in shares of C.H. Robinson Worldwide by 98.9% in the 2nd quarter. Signaturefd LLC now owns 527 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 262 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $47,000. 91.21% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on the stock. Bank of America downgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $89.00 to $80.00 in a research report on Wednesday, October 30th. Morgan Stanley dropped their price objective on shares of C.H. Robinson Worldwide from $64.00 to $59.00 and set an “underweight” rating on the stock in a research report on Monday. Goldman Sachs Group downgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “sell” rating in a research report on Friday, November 1st. Cowen dropped their price objective on shares of C.H. Robinson Worldwide from $106.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays reissued a “hold” rating and issued a $95.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 3rd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $86.09.

NASDAQ CHRW opened at $78.61 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.87 and a quick ratio of 1.81. The firm’s fifty day moving average price is $84.01 and its 200 day moving average price is $83.60. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.81 and a beta of 0.62. C.H. Robinson Worldwide Inc has a 12 month low of $74.12 and a 12 month high of $94.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results 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). The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.92 billion. C.H. Robinson Worldwide had a net margin of 4.25% and a return on equity of 40.43%. The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the business earned $1.25 earnings per share. As a group, sell-side analysts forecast that C.H. Robinson Worldwide Inc will post 4.48 earnings per share for the current year.

In related news, insider Angela K. Freeman sold 16,356 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $84.88, for a total transaction of $1,388,297.28. Following the completion of the sale, the insider now owns 47,594 shares in the company, valued at approximately $4,039,778.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert C. Biesterfeld, Jr. purchased 665 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price 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.

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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