C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC boosted its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,837 shares of the transportation company's stock after acquiring an additional 16,984 shares during the quarter. AQR Capital Management LLC owned 0.09% of C.H. Robinson Worldwide worth $11,245,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CHRW. National Pension Service purchased a new position in C.H. Robinson Worldwide in the 4th quarter worth about $25,000. Missouri Trust & Investment Co bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $41,000. Mainstream Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $41,000. Brooklyn Investment Group boosted its holdings 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 valued at $48,000 after purchasing an additional 316 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $52,000. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

CHRW stock traded down $0.61 during midday trading on Friday, reaching $88.97. The stock had a trading volume of 709,600 shares, compared to its average volume of 1,369,945. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The firm has a fifty day simple moving average of $94.51 and a two-hundred day simple moving average of $101.18. The stock has a market cap of $10.52 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 52-week low of $80.41 and a 52-week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its earnings results on Wednesday, April 30th. The transportation company reported $1.17 EPS 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 firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company's revenue was down 8.3% compared to the same quarter last year. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents a 12.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Angela K. Freeman sold 8,000 shares of the company's stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CHRW shares. TD Securities upped their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. TD Cowen increased their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. UBS Group reduced their price target on shares of C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Jefferies Financial Group lowered their price target on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Finally, Susquehanna cut their price objective on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating on the stock in a report on Thursday, May 1st. One 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's stock. According to data from MarketBeat, C.H. Robinson Worldwide 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.