Comerica Bank Grows Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Comerica Bank raised its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 56.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,658 shares of the transportation company's stock after buying an additional 12,906 shares during the quarter. Comerica Bank's holdings in C.H. Robinson Worldwide were worth $3,684,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. lifted its position in C.H. Robinson Worldwide by 59.6% during the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company's stock valued at $8,074,000 after acquiring an additional 27,370 shares during the period. Everence Capital Management Inc. purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $287,000. Nordea Investment Management AB lifted its holdings in shares of C.H. Robinson Worldwide by 10.7% during the fourth quarter. Nordea Investment Management AB now owns 311,982 shares of the transportation company's stock valued at $32,343,000 after purchasing an additional 30,248 shares during the last quarter. Diversified Trust Co boosted its position in shares of C.H. Robinson Worldwide by 5.0% in the 4th quarter. Diversified Trust Co now owns 3,414 shares of the transportation company's stock worth $353,000 after purchasing an additional 164 shares in the last quarter. Finally, Czech National Bank grew its stake in shares of C.H. Robinson Worldwide by 7.3% in the 4th quarter. Czech National Bank now owns 25,630 shares of the transportation company's stock worth $2,648,000 after buying an additional 1,739 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock traded down $0.61 on Friday, hitting $88.97. 709,600 shares of the company's stock were exchanged, compared to its average volume of 1,371,371. C.H. Robinson Worldwide, Inc. has a 1 year low of $81.36 and a 1 year high of $114.82. The company has a 50-day simple moving average of $94.32 and a 200-day simple moving average of $101.05. 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 stock has a market capitalization of $10.56 billion, a PE ratio of 23.11, a PEG ratio of 1.16 and a beta of 0.92.

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

Insider Activity

In related news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the sale, the insider now owns 34,586 shares of the company's stock, valued at approximately $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela K. Freeman sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the transaction, the insider now directly owns 77,027 shares in the company, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays dropped their target price on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group dropped their price target on shares of 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. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price target on the stock in a report on Friday, January 31st. TD Securities boosted their price objective 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. Finally, Raymond James cut their target price on C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.