Mercer Global Advisors Inc. ADV Buys 11,573 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mercer Global Advisors Inc. ADV increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 83.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,385 shares of the transportation company's stock after buying an additional 11,573 shares during the period. Mercer Global Advisors Inc. ADV's holdings in C.H. Robinson Worldwide were worth $2,623,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CHRW. National Pension Service bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $25,000. Proficio Capital Partners LLC acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth approximately $33,000. Missouri Trust & Investment Co bought a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $41,000. Mainstream Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $41,000. Finally, Brooklyn Investment Group lifted its stake in C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock worth $48,000 after purchasing an additional 316 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were 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 $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael D. Castagnetto sold 5,016 shares of the 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 transaction, the insider now directly owns 34,586 shares in the company, valued at approximately $3,444,765.60. This represents 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 Stock Down 0.7 %

C.H. Robinson Worldwide stock traded down $0.61 during trading hours on Friday, hitting $88.97. The company had a trading volume of 709,600 shares, compared to its average volume of 1,371,371. The firm's fifty day moving average is $94.32 and its 200-day moving average is $101.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $81.36 and a fifty-two week high of $114.82. The firm has a market capitalization of $10.56 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its 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 company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.29 billion. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The business's revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

Analysts Set New Price Targets

CHRW has been the subject of several recent research reports. Barclays lowered their target price on shares of C.H. Robinson Worldwide from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Stephens reissued an "equal weight" rating and issued a $111.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Evercore ISI lowered their target price on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Benchmark reissued a "buy" rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Finally, TD Securities increased their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $114.38.

C.H. Robinson Worldwide 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.