Mirae Asset Global Investments Co. Ltd. Makes New $6.02 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Mirae Asset Global Investments opened a position in C.H. Robinson, buying 40,703 shares valued at approximately $6.02 million in the third quarter.
• C.H. Robinson reported quarterly EPS of $1.80, beating the $1.75 consensus estimate, while revenue rose 29.5% year over year to $5.36 billion.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $180.52; institutional investors and hedge funds own 93.15% of the stock.

Mirae Asset Global Investments Co. Ltd. bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,703 shares of the transportation company's stock, valued at approximately $6,022,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vise Technologies Inc. raised its stake in C.H. Robinson Worldwide by 31.3% in the 3rd quarter. Vise Technologies Inc. now owns 7,317 shares of the transportation company's stock worth $1,083,000 after purchasing an additional 1,744 shares in the last quarter. Americana Partners LLC acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $258,000. United Asset Strategies Inc. grew its position in shares of C.H. Robinson Worldwide by 4.7% during the 3rd quarter. United Asset Strategies Inc. now owns 6,639 shares of the transportation company's stock worth $982,000 after purchasing an additional 297 shares in the last quarter. Generali Asset Management SPA SGR grew its position in shares of C.H. Robinson Worldwide by 15.9% during the 3rd quarter. Generali Asset Management SPA SGR now owns 6,696 shares of the transportation company's stock worth $991,000 after purchasing an additional 919 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of C.H. Robinson Worldwide by 6.9% during the third quarter. Asset Management One Co. Ltd. now owns 65,111 shares of the transportation company's stock worth $9,634,000 after purchasing an additional 4,194 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $128.31 on Friday. The company's 50 day simple moving average is $144.17 and its 200 day simple moving average is $168.71. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.34 and a quick ratio of 1.58. C.H. Robinson Worldwide, Inc. has a 1 year low of $122.21 and a 1 year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The transportation company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.75 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.92 billion. C.H. Robinson Worldwide had a net margin of 3.67% and a return on equity of 42.49%. The company's revenue was up 29.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CHRW. Sanford C. Bernstein reiterated a "market perform" rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Citigroup reduced their price target on C.H. Robinson Worldwide from $185.00 to $183.00 and set a "buy" rating on the stock in a research report on Thursday, October 29th. Stephens lowered their price objective on C.H. Robinson Worldwide from $200.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, October 29th. Stifel Nicolaus dropped their price objective on C.H. Robinson Worldwide from $209.00 to $198.00 and set a "buy" rating for the company in a report on Thursday, October 29th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $180.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.52.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.

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