Cresset Asset Management LLC Sells 1,060,905 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cresset Asset Management LLC trimmed its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 48.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,140,973 shares of the transportation company's stock after selling 1,060,905 shares during the quarter. C.H. Robinson Worldwide comprises approximately 0.6% of Cresset Asset Management LLC's portfolio, making the stock its 28th biggest position. Cresset Asset Management LLC owned about 0.97% of C.H. Robinson Worldwide worth $117,947,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Brevan Howard Capital Management LP raised its position in shares of C.H. Robinson Worldwide by 142.3% during the fourth quarter. Brevan Howard Capital Management LP now owns 24,662 shares of the transportation company's stock valued at $2,548,000 after buying an additional 14,484 shares during the last quarter. Captrust Financial Advisors lifted its stake in C.H. Robinson Worldwide by 1.3% in the 4th quarter. Captrust Financial Advisors now owns 23,534 shares of the transportation company's stock worth $2,432,000 after purchasing an additional 301 shares in the last quarter. Bayesian Capital Management LP boosted its holdings in shares of C.H. Robinson Worldwide by 120.8% during the 4th quarter. Bayesian Capital Management LP now owns 4,500 shares of the transportation company's stock valued at $465,000 after purchasing an additional 2,462 shares during the last quarter. Beck Bode LLC grew its position in shares of C.H. Robinson Worldwide by 1.9% during the fourth quarter. Beck Bode LLC now owns 10,631 shares of the transportation company's stock valued at $1,098,000 after purchasing an additional 198 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of C.H. Robinson Worldwide by 82.4% in the fourth quarter. BNP Paribas Financial Markets now owns 240,160 shares of the transportation company's stock worth $24,813,000 after purchasing an additional 108,503 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Stock Down 0.3 %

CHRW stock traded down $0.30 during mid-day trading on Friday, hitting $89.28. 30,108 shares of the company were exchanged, compared to its average volume of 1,367,347. The company has a market capitalization of $10.55 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. The firm has a fifty day simple moving average of $94.51 and a 200 day simple moving average of $101.18. 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, Inc. has a twelve month low of $80.41 and a twelve month high of $114.82.

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, beating the consensus estimate of $1.02 by $0.15. The company had revenue of $4.05 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Angela K. Freeman sold 8,000 shares of the company's 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the company's stock in a transaction 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 completion of the transaction, the insider now directly owns 34,586 shares in the company, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on CHRW. Truist Financial initiated coverage on C.H. Robinson Worldwide in a research note on Thursday, March 13th. They set a "buy" rating and a $115.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Barclays dropped their target price on C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. Raymond James cut their price objective on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company decreased their target price on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently 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.