C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Shares Purchased by Lenox Wealth Management Inc.

Lenox Wealth Management Inc. lifted its position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,060 shares of the transportation company’s stock after acquiring an additional 335 shares during the period. Lenox Wealth Management Inc.’s holdings in C.H. Robinson Worldwide were worth $937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHRW. Boston Partners acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $208,861,000. Bank of America Corp DE increased its position in shares of C.H. Robinson Worldwide by 23.7% in the 2nd quarter. Bank of America Corp DE now owns 6,170,226 shares of the transportation company’s stock valued at $520,459,000 after acquiring an additional 1,182,142 shares during the period. Investec Asset Management LTD acquired a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at $12,325,000. Nuveen Asset Management LLC increased its position in shares of C.H. Robinson Worldwide by 16,313.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 542,778 shares of the transportation company’s stock valued at $45,783,000 after acquiring an additional 539,471 shares during the period. Finally, Marathon Asset Management LLP increased its position in shares of C.H. Robinson Worldwide by 70.6% in the 3rd quarter. Marathon Asset Management LLP now owns 1,211,135 shares of the transportation company’s stock valued at $102,679,000 after acquiring an additional 501,129 shares during the period. 91.21% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CHRW traded down $1.08 during mid-day trading on Friday, hitting $78.06. The company’s stock had a trading volume of 1,650,500 shares, compared to its average volume of 1,386,929. The business’s fifty day moving average is $83.72 and its two-hundred day moving average is $83.49. The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 1.89 and a beta of 0.62. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.87 and a quick ratio of 1.81. C.H. Robinson Worldwide Inc has a 1 year low of $74.12 and a 1 year high of $94.34.

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

In related news, insider Angela K. Freeman sold 16,356 shares of C.H. Robinson Worldwide stock in a transaction that occurred 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 in the company, valued at approximately $4,039,778.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert C. Biesterfeld, Jr. bought 665 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was bought 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. 1.65% of the stock is owned by company insiders.

Several research firms recently issued reports on CHRW. Citigroup downgraded C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 target price on the stock. in a research report on Friday, July 26th. Bank of America lowered shares of C.H. Robinson Worldwide from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $89.00 to $80.00 in a report on Wednesday, October 30th. Barclays reaffirmed a “hold” rating and issued a $95.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 3rd. Robert W. Baird lowered 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 report on Thursday, October 31st. Finally, Cowen lowered 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 report 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 a consensus rating of “Hold” and an average target price of $86.09.

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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