2,900 Shares in C.H. Robinson Worldwide, Inc. $CHRW Purchased by Versor Investments LP

Versor Investments LP bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,900 shares of the transportation company’s stock, valued at approximately $278,000.

Several other large investors have also modified their holdings of CHRW. WPG Advisers LLC purchased a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth approximately $32,000. FNY Investment Advisers LLC bought a new position in C.H. Robinson Worldwide in the second quarter worth approximately $38,000. Cullen Frost Bankers Inc. raised its stake in C.H. Robinson Worldwide by 203.4% in the second quarter. Cullen Frost Bankers Inc. now owns 446 shares of the transportation company’s stock worth $43,000 after buying an additional 299 shares in the last quarter. National Pension Service lifted its holdings in C.H. Robinson Worldwide by 74.4% during the first quarter. National Pension Service now owns 429 shares of the transportation company’s stock worth $44,000 after buying an additional 183 shares during the period. Finally, Ransom Advisory Ltd bought a new stake in C.H. Robinson Worldwide during the 1st quarter valued at $51,000. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

CHRW opened at $148.23 on Friday. The company has a market cap of $17.51 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $132.96 and its 200-day moving average price is $112.20. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $158.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 35.32%. C.H. Robinson Worldwide’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period last year, the business earned $1.28 EPS. As a group, equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 45,266 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the completion of the sale, the insider owned 34,046 shares of the company’s stock, valued at approximately $5,164,778.20. The trade was a 57.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Arun Rajan sold 2,500 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $121.74, for a total value of $304,350.00. Following the sale, the insider owned 130,591 shares in the company, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,479 shares of company stock valued at $7,835,281 over the last ninety days. 1.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CHRW has been the subject of several recent research reports. Bank of America boosted their price target on C.H. Robinson Worldwide from $120.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Stephens set a $173.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Finally, Robert W. Baird raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.