Cresset Asset Management LLC Decreases Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Cresset Asset Management LLC decreased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 48.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 0.6% of Cresset Asset Management LLC's holdings, making the stock its 28th biggest position. Cresset Asset Management LLC owned approximately 0.97% of C.H. Robinson Worldwide worth $117,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in C.H. Robinson Worldwide by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 14,535,174 shares of the transportation company's stock worth $1,501,774,000 after buying an additional 251,943 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of C.H. Robinson Worldwide by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,147,830 shares of the transportation company's stock worth $428,554,000 after purchasing an additional 191,611 shares during the last quarter. Geode Capital Management LLC boosted its holdings in C.H. Robinson Worldwide by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 3,168,030 shares of the transportation company's stock valued at $326,549,000 after purchasing an additional 64,019 shares during the last quarter. Van ECK Associates Corp grew its position in C.H. Robinson Worldwide by 92,841.1% during the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock worth $310,742,000 after purchasing an additional 3,004,338 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of C.H. Robinson Worldwide by 25.7% during the 4th quarter. Wellington Management Group LLP now owns 2,899,550 shares of the transportation company's stock valued at $299,582,000 after buying an additional 593,211 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CHRW. TD Cowen raised 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. Citigroup decreased their target price on shares of C.H. Robinson Worldwide from $124.00 to $116.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company cut their price objective on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on shares of C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on C.H. Robinson Worldwide in a research note on Friday, March 7th. They issued a "buy" rating and a $129.00 price target for the company. 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $114.38.

Insider Activity at C.H. Robinson Worldwide

In other news, 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 directly owns 77,027 shares of the company's stock, valued at approximately $7,732,740.53. This represents a 9.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 5,016 shares of the business'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 of the company's stock, valued at approximately $3,444,765.60. The trade was a 12.67 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by corporate insiders.

C.H. Robinson Worldwide Stock Down 0.7 %

CHRW stock traded down $0.61 during mid-day trading on Friday, reaching $88.97. The company had a trading volume of 709,600 shares, compared to its average volume of 1,371,699. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $81.39 and a fifty-two week high of $114.82. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. 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 $94.32 and a 200 day simple moving average of $101.00.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued 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. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The company 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 firm earned $0.86 earnings per share. The firm's quarterly revenue was down 8.3% on a year-over-year basis. Analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

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.