BNP Paribas Financial Markets Boosts Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

BNP Paribas Financial Markets increased its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 82.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 240,160 shares of the transportation company's stock after buying an additional 108,503 shares during the period. BNP Paribas Financial Markets owned about 0.20% of C.H. Robinson Worldwide worth $24,813,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CHRW. National Pension Service purchased a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $25,000. Missouri Trust & Investment Co acquired a new stake in C.H. Robinson Worldwide during the 4th quarter valued at approximately $41,000. Mainstream Capital Management LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at $41,000. Brooklyn Investment Group boosted its stake in shares of C.H. Robinson Worldwide by 213.5% in the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock worth $48,000 after buying an additional 316 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $52,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CHRW. Susquehanna cut their price target on C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Stephens reissued an "equal weight" rating and set a $111.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. StockNews.com downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, TD Securities boosted their price objective on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of "Moderate Buy" and an average price target of $114.38.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

C.H. Robinson Worldwide Stock Down 0.7 %

Shares of NASDAQ CHRW traded down $0.61 during midday trading on Friday, hitting $88.97. 709,600 shares of the company's stock were exchanged, compared to its average volume of 1,371,699. The firm's fifty day simple moving average is $94.32 and its 200-day simple moving average is $100.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. The company has a market cap of $10.56 billion, a PE ratio of 23.11, a P/E/G ratio of 1.16 and a beta of 0.92. C.H. Robinson Worldwide, Inc. has a twelve month low of $81.39 and a twelve month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The business's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 earnings per share. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

About C.H. Robinson Worldwide

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.