Dupont Capital Management Corp Decreases Stock Position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

Dupont Capital Management Corp lowered its stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 52.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,663 shares of the transportation company’s stock after selling 2,900 shares during the quarter. Dupont Capital Management Corp’s holdings in C.H. Robinson Worldwide were worth $226,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Berman Capital Advisors LLC lifted its stake in 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 worth $27,000 after purchasing an additional 233 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in 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 worth $29,000 after purchasing an additional 301 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth $42,000. Signaturefd LLC lifted its stake in C.H. Robinson Worldwide by 98.9% in the 2nd quarter. Signaturefd LLC now owns 527 shares of the transportation company’s stock worth $44,000 after purchasing an additional 262 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth $47,000. Institutional investors and hedge funds own 91.21% of the company’s stock.

Several brokerages have commented on CHRW. Citigroup cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research note on Friday, July 26th. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. Cowen decreased their price target on shares of C.H. Robinson Worldwide from $106.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Robert W. Baird decreased their price target on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Bank of America cut shares of C.H. Robinson Worldwide from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $89.00 to $80.00 in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $86.09.

In related news, insider Ben G. Campbell sold 20,425 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $84.00, for a total transaction of $1,715,700.00. Following the transaction, the insider now directly owns 43,006 shares in the company, valued at approximately $3,612,504. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert C. Biesterfeld, Jr. purchased 665 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average price of $75.15 per share, for a total transaction of $49,974.75. The disclosure for this purchase can be found here. Insiders own 1.65% of the company’s stock.

C.H. Robinson Worldwide stock opened at $78.06 on Friday. The company’s 50-day moving average price is $83.72 and its 200-day moving average price is $83.49. C.H. Robinson Worldwide Inc has a twelve month low of $74.12 and a twelve month high of $94.34. The company has a quick ratio of 1.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.75. The company has a market cap of $10.33 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.89 and a beta of 0.62.

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

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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