Northern Trust Corp Purchases 53,419 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Northern Trust Corp lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,306,795 shares of the transportation company's stock after purchasing an additional 53,419 shares during the quarter. Northern Trust Corp owned approximately 1.11% of C.H. Robinson Worldwide worth $135,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHRW. The Manufacturers Life Insurance Company grew its holdings in shares of C.H. Robinson Worldwide by 0.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 99,500 shares of the transportation company's stock worth $10,280,000 after buying an additional 323 shares during the last quarter. Quarry LP lifted its holdings in shares of C.H. Robinson Worldwide by 1,508.6% during the fourth quarter. Quarry LP now owns 6,338 shares of the transportation company's stock worth $655,000 after purchasing an additional 5,944 shares during the period. Oxford Asset Management LLP acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $236,000. Boothbay Fund Management LLC purchased a new position in C.H. Robinson Worldwide during the fourth quarter worth about $395,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth approximately $269,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Benchmark restated a "buy" rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Barclays cut their price objective on shares of 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. Susquehanna dropped their price target on C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus raised shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 target price on the stock in a research note on Friday, January 31st. Finally, Jefferies Financial Group lowered their price objective on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.38.

C.H. Robinson Worldwide Stock Up 2.2 %

NASDAQ CHRW traded up $1.95 during trading on Thursday, hitting $89.49. 222,740 shares of the company traded hands, compared to its average volume of 1,368,495. C.H. Robinson Worldwide, Inc. has a 12 month low of $79.05 and a 12 month high of $114.82. The company has a current ratio of 1.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $94.73 and a 200 day simple moving average of $101.31. The company has a market capitalization of $10.58 billion, a P/E ratio of 23.20, a PEG ratio of 1.16 and a beta of 0.92.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 34.53% and a net margin of 2.63%. The company's quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

Insiders Place Their Bets

In other news, 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 8,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 77,027 shares of the company's stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company's stock.

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.