State Street Corp Decreases Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

State Street Corp cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,696,317 shares of the transportation company’s stock after selling 160,253 shares during the quarter. State Street Corp owned approximately 0.06% of C.H. Robinson Worldwide worth $888,677,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CHRW. First Eagle Investment Management LLC increased its stake in shares of C.H. Robinson Worldwide by 1.2% in the second quarter. First Eagle Investment Management LLC now owns 10,863,895 shares of the transportation company’s stock worth $858,900,000 after buying an additional 125,907 shares during the period. Bank of New York Mellon Corp increased its stake in shares of C.H. Robinson Worldwide by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 1,601,186 shares of the transportation company’s stock worth $126,591,000 after buying an additional 217,580 shares during the period. AQR Capital Management LLC increased its position in C.H. Robinson Worldwide by 45.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,448,575 shares of the transportation company’s stock valued at $113,337,000 after purchasing an additional 449,509 shares during the period. Bank of America Corp DE increased its position in C.H. Robinson Worldwide by 44.3% during the 2nd quarter. Bank of America Corp DE now owns 1,282,552 shares of the transportation company’s stock valued at $101,398,000 after purchasing an additional 393,756 shares during the period. Finally, California Public Employees Retirement System increased its position in C.H. Robinson Worldwide by 1.9% during the 2nd quarter. California Public Employees Retirement System now owns 1,131,843 shares of the transportation company’s stock valued at $89,484,000 after purchasing an additional 21,623 shares during the period. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

In other C.H. Robinson Worldwide news, insider Mac S. Pinkerton sold 500 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $98.06, for a total transaction of $49,030.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.82% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on CHRW shares. Stephens downgraded shares of C.H. Robinson Worldwide from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $110.00 to $95.00 in a research report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of C.H. Robinson Worldwide from $82.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Stifel Nicolaus downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and boosted their price objective for the company from $79.00 to $94.00 in a research report on Thursday, July 30th. They noted that the move was a valuation call. Barclays raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $95.00 to $115.00 in a research report on Friday, October 16th. Finally, Credit Suisse Group boosted their target price on shares of C.H. Robinson Worldwide from $65.00 to $79.00 in a report on Thursday, July 30th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average target price of $90.67.

CHRW opened at $92.59 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $12.59 billion, a P/E ratio of 27.56, a P/E/G ratio of 2.86 and a beta of 0.68. The company’s 50-day simple moving average is $97.05 and its two-hundred day simple moving average is $89.83. C.H. Robinson Worldwide, Inc. has a 52-week low of $56.94 and a 52-week high of $106.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, October 27th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.01. C.H. Robinson Worldwide had a net margin of 2.96% and a return on equity of 26.78%. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.61 EPS for the current fiscal year.

C.H. Robinson Worldwide Company 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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