TD Asset Management Inc. Lowers Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

TD Asset Management Inc. lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 617,198 shares of the transportation company’s stock after selling 12,606 shares during the period. TD Asset Management Inc. owned 0.44% of C.H. Robinson Worldwide worth $46,969,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Nicolet Bankshares Inc. acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $202,000. Integrated Investment Consultants LLC grew its stake in shares of C.H. Robinson Worldwide by 39.0% during the third quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock worth $204,000 after purchasing an additional 750 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth $205,000. Conning Inc. purchased a new stake in C.H. Robinson Worldwide in the third quarter valued at $213,000. Finally, MML Investors Services LLC lifted its position in C.H. Robinson Worldwide by 10.2% in the second quarter. MML Investors Services LLC now owns 3,025 shares of the transportation company’s stock valued at $208,000 after acquiring an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 94.68% of the company’s stock.

C.H. Robinson Worldwide, Inc. (CHRW) opened at $85.92 on Wednesday. The stock has a market cap of $12,094.80, a PE ratio of 25.90, a P/E/G ratio of 2.98 and a beta of 0.48. C.H. Robinson Worldwide, Inc. has a 1-year low of $63.41 and a 1-year high of $89.11. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.55.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.65 billion. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. analysts predict that C.H. Robinson Worldwide, Inc. will post 3.33 EPS for the current fiscal year.

In other C.H. Robinson Worldwide news, insider Jordan T. Kass sold 1,738 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $78.75, for a total transaction of $136,867.50. Following the transaction, the insider now directly owns 24,348 shares in the company, valued at $1,917,405. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ben G. Campbell sold 4,865 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $85.00, for a total transaction of $413,525.00. Following the transaction, the vice president now owns 29,837 shares in the company, valued at $2,536,145. The disclosure for this sale can be found here. Insiders have sold 22,903 shares of company stock valued at $1,854,925 over the last three months. 0.85% of the stock is currently owned by corporate insiders.

CHRW has been the subject of a number of research reports. Cowen raised shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $68.00 to $87.00 in a research report on Monday, October 16th. Stephens raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $73.00 to $90.00 in a research report on Wednesday, August 30th. Goldman Sachs Group initiated coverage on shares of C.H. Robinson Worldwide in a research report on Monday, November 13th. They issued a “neutral” rating and a $78.00 price target for the company. Credit Suisse Group boosted their price target on shares of C.H. Robinson Worldwide from $68.00 to $69.00 and gave the company an “underperform” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $77.35.

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C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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