APG Asset Management N.V. Sells 628,250 Shares of C.H. Robinson Worldwide, Inc. (CHRW)

APG Asset Management N.V. decreased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 90.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,648 shares of the transportation company’s stock after selling 628,250 shares during the quarter. APG Asset Management N.V.’s holdings in C.H. Robinson Worldwide were worth $5,148,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CHRW. Toronto Dominion Bank grew its holdings in C.H. Robinson Worldwide by 25.1% during the second quarter. Toronto Dominion Bank now owns 47,734 shares of the transportation company’s stock valued at $3,277,000 after purchasing an additional 9,587 shares during the period. Assenagon Asset Management S.A. grew its holdings in C.H. Robinson Worldwide by 288.7% during the third quarter. Assenagon Asset Management S.A. now owns 34,494 shares of the transportation company’s stock valued at $2,625,000 after purchasing an additional 25,620 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in C.H. Robinson Worldwide by 29.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,965 shares of the transportation company’s stock valued at $2,813,000 after buying an additional 9,345 shares in the last quarter. Wells Fargo & Company MN lifted its stake in C.H. Robinson Worldwide by 3.5% in the second quarter. Wells Fargo & Company MN now owns 520,283 shares of the transportation company’s stock valued at $35,734,000 after buying an additional 17,534 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in C.H. Robinson Worldwide by 2.3% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 64,409 shares of the transportation company’s stock valued at $4,423,000 after buying an additional 1,458 shares in the last quarter. Institutional investors own 91.62% of the company’s stock.

C.H. Robinson Worldwide, Inc. (CHRW) opened at $80.36 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.24 and a quick ratio of 1.24. C.H. Robinson Worldwide, Inc. has a twelve month low of $63.41 and a twelve month high of $81.35. The stock has a market capitalization of $11,198.43, a price-to-earnings ratio of 23.98, a P/E/G ratio of 2.76 and a beta of 0.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.03. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.65 billion. C.H. Robinson Worldwide had a return on equity of 36.06% and a net margin of 3.31%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 EPS. analysts predict that C.H. Robinson Worldwide, Inc. will post 3.32 earnings per share for the current year.

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A number of research analysts have weighed in on the stock. Goldman Sachs Group, Inc. (The) began coverage on shares of C.H. Robinson Worldwide in a research note on Monday. They issued a “neutral” rating and a $78.00 price target on the stock. Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Wednesday, November 8th. Credit Suisse Group boosted their target price on shares of C.H. Robinson Worldwide from $68.00 to $69.00 and gave the stock an “underperform” rating in a report on Thursday, November 2nd. Barclays PLC boosted their target price on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Finally, Cowen and Company upped their price objective on shares of C.H. Robinson Worldwide from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $77.35.

In other C.H. Robinson Worldwide news, insider Jordan T. Kass sold 1,738 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $78.75, for a total transaction of $136,867.50. Following the completion of the transaction, the insider now owns 24,348 shares of the company’s stock, valued at approximately $1,917,405. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Angela K. Freeman sold 1,200 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total value of $82,464.00. The disclosure for this sale can be found here. In the last three months, insiders sold 17,938 shares of company stock valued at $1,419,032. 0.85% of the stock is currently owned by insiders.

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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