Mather Group LLC. Trims Stock Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mather Group LLC. reduced its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,896 shares of the transportation company's stock after selling 15,018 shares during the period. Mather Group LLC. owned about 0.11% of C.H. Robinson Worldwide worth $13,731,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of C.H. Robinson Worldwide by 3.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,873 shares of the transportation company's stock valued at $400,000 after acquiring an additional 131 shares during the last quarter. Oak Harvest Investment Services bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $310,000. Forsta AP Fonden grew its holdings in shares of C.H. Robinson Worldwide by 0.5% in the fourth quarter. Forsta AP Fonden now owns 82,900 shares of the transportation company's stock worth $8,565,000 after purchasing an additional 400 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of C.H. Robinson Worldwide by 500.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 106,780 shares of the transportation company's stock worth $11,033,000 after buying an additional 89,003 shares during the period. Finally, Twelve Points Wealth Management LLC raised its holdings in C.H. Robinson Worldwide by 3.7% during the 4th quarter. Twelve Points Wealth Management LLC now owns 13,693 shares of the transportation company's stock valued at $1,415,000 after buying an additional 490 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CHRW. Susquehanna cut their price target on shares of C.H. Robinson Worldwide from $130.00 to $127.00 and set a "positive" rating on the stock in a report on Thursday, January 30th. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $118.00 to $130.00 in a report on Monday, December 9th. Bank of America dropped their price objective on C.H. Robinson Worldwide from $130.00 to $122.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Raymond James reduced their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Finally, BMO Capital Markets lifted their price target on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a "market perform" rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $117.17.

C.H. Robinson Worldwide Stock Down 0.6 %

Shares of NASDAQ CHRW traded down $0.61 during trading on Thursday, reaching $96.64. The company had a trading volume of 1,139,145 shares, compared to its average volume of 1,156,264. The business's 50-day moving average is $104.85 and its 200 day moving average is $104.07. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The stock has a market cap of $11.42 billion, a PE ratio of 25.10, a P/E/G ratio of 1.15 and a beta of 0.82. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.81 earnings per share for the current fiscal year.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $210,941.92. Following the transaction, the insider now owns 34,469 shares in the company, valued at approximately $3,578,226.89. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

C.H. Robinson Worldwide Company 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.