Global X Japan Co. Ltd. Increases Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Global X Japan Co. Ltd. increased its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 4.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,874 shares of the transportation company’s stock after acquiring an additional 197 shares during the period. Global X Japan Co. Ltd.’s holdings in C.H. Robinson Worldwide were worth $504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CHRW. Inspire Investing LLC acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth $810,000. D.A. Davidson & CO. raised its position in C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after purchasing an additional 443 shares during the period. Chesapeake Capital Corp IL acquired a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $835,000. Northstar Advisory Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $587,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of C.H. Robinson Worldwide by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after purchasing an additional 36,769 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CHRW. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Raymond James cut their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Barclays upped their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Stephens reiterated an “equal weight” rating and issued a $111.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, January 30th. Finally, Benchmark reaffirmed a “buy” rating and set a $125.00 price objective on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $117.17.

C.H. Robinson Worldwide Stock Performance

CHRW stock opened at $96.64 on Friday. The firm has a market cap of $11.42 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.15 and a beta of 0.82. The stock’s 50 day simple moving average is $104.85 and its 200 day simple moving average is $104.07. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. As a group, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.81 EPS for the current 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.