Bank of New York Mellon Corp lowered its stake in shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) by 8.1% during the third quarter, Holdings Channel reports. The fund owned 3,069,703 shares of the company’s stock after selling 270,811 shares during the period. Bank of New York Mellon Corp’s holdings in C.H. Robinson Worldwide were worth $216,292,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CHRW. CWM LLC increased its position in shares of C.H. Robinson Worldwide by 10.7% in the second quarter. CWM LLC now owns 266,086 shares of the company’s stock valued at $19,757,000 after buying an additional 25,729 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $3,056,000. Saratoga Research & Investment Management increased its position in shares of C.H. Robinson Worldwide by 2.2% in the second quarter. Saratoga Research & Investment Management now owns 675,335 shares of the company’s stock valued at $50,144,000 after buying an additional 14,407 shares during the last quarter. BB&T Corp purchased a new position in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $14,673,000. Finally, Confluence Investment Management LLC increased its position in shares of C.H. Robinson Worldwide by 1.4% in the second quarter. Confluence Investment Management LLC now owns 658,552 shares of the company’s stock valued at $48,897,000 after buying an additional 9,172 shares during the last quarter. Institutional investors own 83.45% of the company’s stock.

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

C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) opened at 74.85 on Thursday. The company has a 50-day moving average of $70.85 and a 200-day moving average of $71.09. The stock has a market cap of $10.60 billion, a P/E ratio of 20.73 and a beta of 0.33. C.H. Robinson Worldwide Inc. has a 52 week low of $59.71 and a 52 week high of $76.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, October 25th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.06. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.33 billion. C.H. Robinson Worldwide had a return on equity of 42.48% and a net margin of 4.00%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.96 EPS. On average, analysts predict that C.H. Robinson Worldwide Inc. will post $3.59 EPS for the current fiscal year.

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A number of equities analysts have commented on CHRW shares. Stifel Nicolaus restated a “buy” rating and issued a $81.00 target price (up from $79.00) on shares of C.H. Robinson Worldwide in a research note on Sunday, September 4th. Deutsche Bank AG started coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, November 2nd. They issued a “hold” rating and a $71.00 target price on the stock. Barclays PLC downgraded shares of C.H. Robinson Worldwide from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $78.00 to $72.00 in a research note on Monday, September 12th. Buckingham Research restated a “buy” rating and issued a $87.00 target price (up from $79.00) on shares of C.H. Robinson Worldwide in a research note on Sunday, October 9th. Finally, Vetr downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $73.30 target price on the stock. in a research note on Monday, October 10th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and a consensus target price of $74.66.

In related news, insider Robert C. Biesterfeld, Jr. sold 600 shares of the stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $71.30, for a total transaction of $42,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.69% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers.

5 Day Chart for NASDAQ:CHRW

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