Caisse DE Depot ET Placement DU Quebec Invests $16.78 Million in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Caisse DE Depot ET Placement DU Quebec bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 162,417 shares of the transportation company's stock, valued at approximately $16,781,000. Caisse DE Depot ET Placement DU Quebec owned 0.14% of C.H. Robinson Worldwide as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CHRW. National Pension Service purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth about $25,000. Proficio Capital Partners LLC bought a new position in C.H. Robinson Worldwide during the fourth quarter valued at about $33,000. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide in the 4th quarter worth $41,000. Mainstream Capital Management LLC acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at approximately $41,000. Finally, Brooklyn Investment Group grew its position in C.H. Robinson Worldwide by 213.5% in the 4th 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. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on CHRW. Stephens reissued an "equal weight" rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Susquehanna lowered 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. Barclays reduced their price target on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. cut their target price on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, StockNews.com downgraded C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. One 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. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $114.38.

C.H. Robinson Worldwide Stock Up 2.4 %

CHRW traded up $2.13 during midday trading on Thursday, hitting $89.67. The company had a trading volume of 275,930 shares, compared to its average volume of 1,368,688. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.16 and a beta of 0.92. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. C.H. Robinson Worldwide, Inc. has a 52 week low of $79.05 and a 52 week high of $114.82. The stock's 50 day moving average price is $94.73 and its 200 day moving average price is $101.31.

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

Insider Activity

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $100.39, for a total transaction of $803,120.00. Following the transaction, the insider now owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This trade represents a 9.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $499,593.60. Following the sale, the insider now directly owns 34,586 shares of the company's stock, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

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.