AQR Capital Management LLC Boosts Stock Holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

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

A number of other hedge funds have also recently added to or reduced their stakes in CHRW. Inspire Investing LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $810,000. Northstar Advisory Group LLC bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth about $587,000. Y Intercept Hong Kong Ltd bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth about $211,000. Contravisory Investment Management Inc. bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth about $543,000. Finally, Franklin Resources Inc. increased its position in C.H. Robinson Worldwide by 59.6% in the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company's stock valued at $8,074,000 after buying an additional 27,370 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

Insider Transactions at C.H. Robinson Worldwide

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 stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the sale, the insider now owns 77,027 shares in the company, valued at $7,732,740.53. This trade represents a 9.41% decrease in their ownership of the stock. 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 the firm's stock in a transaction dated Tuesday, February 18th. The shares were 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 $3,444,765.60. The trade was 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.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded down $0.61 during trading on Friday, hitting $88.97. The stock had a trading volume of 709,600 shares, compared to its average volume of 1,371,699. The firm has a market cap of $10.56 billion, a price-to-earnings 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 12 month low of $81.39 and a 12 month high of $114.82. The business's 50-day moving average is $94.32 and its 200 day moving average is $100.96. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.15. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The business's quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

Analyst Ratings Changes

CHRW has been the subject of a number of research analyst reports. Stephens reaffirmed an "equal weight" rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 30th. Truist Financial began coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They issued a "buy" rating and a $115.00 price objective on the stock. TD Cowen upped their price objective on 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. Susquehanna dropped their price objective on C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating on the stock in a research note on Thursday, May 1st. Finally, Jefferies Financial Group dropped their price objective on C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.