Gen Wealth Partners Inc Sells 683 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Gen Wealth Partners Inc lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 11.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,340 shares of the transportation company’s stock after selling 683 shares during the quarter. Gen Wealth Partners Inc’s holdings in C.H. Robinson Worldwide were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. National Pension Service acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $25,000. Proficio Capital Partners LLC bought a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $33,000. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Mainstream Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth $41,000. Finally, Brooklyn Investment Group boosted its holdings in C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock worth $48,000 after purchasing an additional 316 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $88.97 on Friday. The stock has a 50 day simple moving average of $94.32 and a 200 day simple moving average of $101.05. The stock has a market cap of $10.56 billion, a P/E ratio of 23.11, a PEG ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide, Inc. has a 1-year low of $81.36 and a 1-year high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The company’s revenue was down 8.3% on a year-over-year basis. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the completion of the transaction, the insider now directly owns 34,586 shares of the company’s stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela K. Freeman sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the sale, the insider now owns 77,027 shares of the company’s stock, valued at approximately $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

Analyst Upgrades and Downgrades

CHRW has been the topic of several recent research reports. TD Cowen lifted their price target on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. UBS Group lowered their target price on C.H. Robinson Worldwide from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Evercore ISI reduced their price target on C.H. Robinson Worldwide from $119.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Friday, January 31st. Finally, Jefferies Financial Group cut their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $114.38.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.