C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Shares Sold by Metropolitan Life Insurance Co NY

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Metropolitan Life Insurance Co NY decreased its holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,592 shares of the transportation company’s stock after selling 1,787 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in C.H. Robinson Worldwide were worth $2,170,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Berman Capital Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 245.3% during the 2nd quarter. Berman Capital Advisors LLC now owns 328 shares of the transportation company’s stock worth $27,000 after purchasing an additional 233 shares during the period. Valeo Financial Advisors LLC boosted its holdings in C.H. Robinson Worldwide by 813.5% during the third quarter. Valeo Financial Advisors LLC now owns 338 shares of the transportation company’s stock worth $29,000 after buying an additional 301 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in C.H. Robinson Worldwide during the second quarter worth about $42,000. Signaturefd LLC grew its position in C.H. Robinson Worldwide by 98.9% during the second quarter. Signaturefd LLC now owns 527 shares of the transportation company’s stock worth $44,000 after buying an additional 262 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new position in C.H. Robinson Worldwide during the third quarter worth about $47,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

In related news, CTO Michael W. Neill sold 671 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $74.63, for a total transaction of $50,076.73. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert C. Biesterfeld, Jr. acquired 665 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $75.15 per share, with a total value of $49,974.75. The disclosure for this purchase can be found here. Company insiders own 1.65% of the company’s stock.

A number of equities research analysts have recently issued reports on CHRW shares. Morgan Stanley reiterated a “sell” rating and set a $64.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, October 31st. Barclays restated a “hold” rating and issued a $95.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, October 3rd. BidaskClub upgraded C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Goldman Sachs Group downgraded C.H. Robinson Worldwide from a “neutral” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Cowen reduced their price objective on C.H. Robinson Worldwide from $106.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $86.70.

NASDAQ:CHRW opened at $76.02 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $10.39 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 1.92 and a beta of 0.60. The firm has a 50-day moving average price of $79.99 and a two-hundred day moving average price of $82.47. C.H. Robinson Worldwide Inc has a twelve month low of $74.12 and a twelve month high of $92.72.

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

C.H. Robinson Worldwide 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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