NEXT Financial Group Inc Has $1.69 Million Holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW)

NEXT Financial Group Inc grew its holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,882 shares of the transportation company’s stock after buying an additional 1,894 shares during the quarter. NEXT Financial Group Inc’s holdings in C.H. Robinson Worldwide were worth $1,686,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of C.H. Robinson Worldwide by 10.6% in the third quarter. Envestnet Asset Management Inc. now owns 430,504 shares of the transportation company’s stock valued at $36,498,000 after acquiring an additional 41,088 shares during the period. Advisor Partners LLC raised its position in C.H. Robinson Worldwide by 8.6% in the 3rd quarter. Advisor Partners LLC now owns 2,673 shares of the transportation company’s stock valued at $227,000 after buying an additional 212 shares during the last quarter. PGGM Investments boosted its stake in C.H. Robinson Worldwide by 100.0% in the 3rd quarter. PGGM Investments now owns 80,000 shares of the transportation company’s stock worth $6,782,000 after purchasing an additional 40,000 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of C.H. Robinson Worldwide by 0.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 29,609 shares of the transportation company’s stock valued at $2,510,000 after acquiring an additional 242 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of C.H. Robinson Worldwide by 10.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,068 shares of the transportation company’s stock valued at $768,000 after acquiring an additional 862 shares during the last quarter. Hedge funds and other institutional investors own 91.21% of the company’s stock.

A number of analysts have recently issued reports on the company. Cowen dropped their price target on C.H. Robinson Worldwide from $106.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. BidaskClub raised C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. Robert W. Baird dropped their target price on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Bank of America cut C.H. Robinson Worldwide from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $89.00 to $80.00 in a research report on Wednesday, October 30th. Finally, Barclays restated a “hold” rating and issued a $95.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, October 3rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $86.09.

In related news, CEO Robert C. Biesterfeld, Jr. purchased 665 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were bought at an average price of $75.15 per share, for a total transaction of $49,974.75. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ben G. Campbell sold 20,425 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $84.00, for a total transaction of $1,715,700.00. Following the transaction, the insider now owns 43,006 shares in the company, valued at approximately $3,612,504. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.

Shares of C.H. Robinson Worldwide stock traded down $1.08 on Friday, hitting $78.06. The company’s stock had a trading volume of 1,650,500 shares, compared to its average volume of 1,386,929. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.81 and a current ratio of 1.87. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.89 and a beta of 0.62. C.H. Robinson Worldwide Inc has a 1 year low of $74.12 and a 1 year high of $94.34. The firm has a fifty day moving average price of $83.72 and a 200-day moving average price of $83.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.07 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.07). C.H. Robinson Worldwide had a net margin of 4.25% and a return on equity of 40.43%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the business earned $1.25 EPS. C.H. Robinson Worldwide’s revenue for the quarter was down 10.2% on a year-over-year basis. As a group, analysts forecast that C.H. Robinson Worldwide Inc will post 4.44 EPS for the current year.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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