Lenox Wealth Management Inc. Grows Stock Holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

Lenox Wealth Management Inc. increased its stake in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 3.1% during the third quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 2.3% in the second quarter. Vanguard Group Inc. now owns 17,460,908 shares of the transportation company’s stock valued at $1,472,827,000 after purchasing an additional 386,317 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 2.0% in the second quarter. BlackRock Inc. now owns 12,301,552 shares of the transportation company’s stock valued at $1,037,635,000 after purchasing an additional 239,995 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of C.H. Robinson Worldwide by 23.7% in the second quarter. Bank of America Corp DE now owns 6,170,226 shares of the transportation company’s stock valued at $520,459,000 after purchasing an additional 1,182,142 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of C.H. Robinson Worldwide by 1.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,264,674 shares of the transportation company’s stock valued at $275,375,000 after purchasing an additional 38,551 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at about $208,861,000. 91.21% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Robert C. Biesterfeld, Jr. acquired 665 shares of C.H. Robinson Worldwide stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of $75.15 per share, for a total transaction of $49,974.75. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Angela K. Freeman sold 16,356 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $84.88, for a total transaction of $1,388,297.28. Following the transaction, the insider now owns 47,594 shares in the company, valued at $4,039,778.72. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by corporate insiders.

Shares of CHRW traded down $1.08 on Friday, hitting $78.06. 1,650,500 shares of the stock traded hands, compared to its average volume of 1,386,929. C.H. Robinson Worldwide Inc has a 1 year low of $74.12 and a 1 year high of $94.34. The stock’s 50 day moving average is $83.72 and its two-hundred day moving average is $83.49. The firm has a market capitalization of $10.33 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.89 and a beta of 0.62. The company has a quick ratio of 1.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.75.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $3.92 billion. During the same period in the previous year, the company earned $1.25 EPS. C.H. Robinson Worldwide’s revenue was down 10.2% on a year-over-year basis. Research analysts forecast that C.H. Robinson Worldwide Inc will post 4.44 EPS for the current year.

Several analysts have issued reports on CHRW shares. Cowen reduced 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. Morgan Stanley reduced their price target on shares of C.H. Robinson Worldwide from $64.00 to $59.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Robert W. Baird reduced 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. BidaskClub raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, Citigroup downgraded 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 report on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $86.09.

C.H. Robinson Worldwide Company Profile

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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