2,565 Shares in C.H. Robinson Worldwide Inc (CHRW) Acquired by LMR Partners LLP

LMR Partners LLP acquired a new stake in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,565 shares of the transportation company’s stock, valued at approximately $229,000.

A number of other large investors have also recently modified their holdings of the stock. FineMark National Bank & Trust lifted its position in C.H. Robinson Worldwide by 47.4% in the 4th quarter. FineMark National Bank & Trust now owns 14,311 shares of the transportation company’s stock valued at $1,275,000 after purchasing an additional 4,600 shares during the last quarter. Northeast Investment Management bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $232,000. BTIM Corp. lifted its position in C.H. Robinson Worldwide by 2.1% in the 4th quarter. BTIM Corp. now owns 74,962 shares of the transportation company’s stock valued at $6,679,000 after purchasing an additional 1,541 shares during the last quarter. Arlington Partners LLC bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $1,215,000. Finally, Advisor Partners LLC bought a new stake in C.H. Robinson Worldwide in the 4th quarter valued at about $222,000. Hedge funds and other institutional investors own 94.10% of the company’s stock.

Several analysts recently weighed in on the stock. Cleveland Research upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Stifel Nicolaus lifted their price objective on shares of C.H. Robinson Worldwide from $71.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday, November 1st. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Robert W. Baird reiterated a “hold” rating and issued a $90.00 price objective on shares of C.H. Robinson Worldwide in a research report on Tuesday, January 9th. Finally, KeyCorp reissued an “overweight” rating on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $82.29.

C.H. Robinson Worldwide Inc (CHRW) opened at $91.79 on Monday. The stock has a market cap of $12,823.51, a P/E ratio of 26.38, a PEG ratio of 2.47 and a beta of 0.46. The company has a quick ratio of 1.24, a current ratio of 1.26 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide Inc has a 52 week low of $63.41 and a 52 week high of $100.18.

In other news, SVP James Lemke sold 15,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $79.98, for a total value of $1,199,700.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Angela K. Freeman sold 1,300 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $80.64, for a total transaction of $104,832.00. The disclosure for this sale can be found here. Insiders sold a total of 21,165 shares of company stock worth $1,718,057 in the last ninety days. Corporate insiders own 0.85% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “2,565 Shares in C.H. Robinson Worldwide Inc (CHRW) Acquired by LMR Partners LLP” was originally reported by Stock Observer and is the sole property of of Stock Observer. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.thestockobserver.com/2018/02/05/2565-shares-in-c-h-robinson-worldwide-inc-chrw-acquired-by-lmr-partners-llp.html.

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.

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide Inc (NASDAQ:CHRW).

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

Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply