Finally, Point72 Asset Management L.P. acquired a new stake in C.H. Robinson Worldwide in the 1st quarter worth approximately $3,865,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital International Investors now owns 8,678,462 shares of the transportation company's stock worth $596,037,000 after purchasing an additional 469,829 shares during the last quarter. Dynamic Advisors Solutions LLC grew its stake in C.H. Robinson Worldwide by 0.4% in the 2nd quarter. Based on a recent bid, the stock is trading -2.35% away from it's 52- week high and 25.28% away from its 52 week low. Hsbc Holdings PLC boosted its stake in C.H. Robinson Worldwide by 211.6% in the second quarter. The Confluence Investment Management Llc holds 442,142 shares with $30.37 million value, up from 417,757 last quarter. The company's quarterly EPS surprised Wall Street by as much as 4% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. BlackRock Fund Advisors now owns 3,690,234 shares of the company's stock worth $274,000,000 after buying an additional 937,846 shares in the last quarter. Cowen and Company now has an outperform rating on the transportation company's stock. (CHRW) traded up $0.11 on Friday, reaching $79.44. The latest exchange of 1.41 Million shares is above its average trading activity of 1.02 Million shares. The stock has a market capitalization of $9.81 billion, a PE ratio of 18.73 and a beta of 0.28.
Currently, the stock carries a price to earnings ratio of 14.7, a price to book ratio of 2.75, and a price to sales ratio of 0.57. The transportation company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. The company earned $3.30 billion during the quarter, compared to analysts' expectations of $3.42 billion. During the same period in the previous year, the business posted $0.90 EPS. BMO Capital Markets reaffirmed a "hold" rating and set a $71.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, July 28th.
A number of research firms have commented on CHRW. Bank of America Corporation raised C.H. Robinson Worldwide from an underperform rating to a buy rating and lifted their target price for the company from $70.00 to $86.00 in a research note on Tuesday, October 10th. Oppenheimer Holdings, Inc. restated a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Wednesday. Finally, Citigroup Inc. cut C.H. Robinson Worldwide to a "market perform" rating in a research report on Monday, July 18th. Raymond James Fincl Services, a Florida-based fund reported 21,858 shares. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. KeyCorp reiterated a "buy" rating and set a $78.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday, September 26th. Credit Suisse maintained C.H. Robinson Worldwide Inc (NASDAQ:CHRW) rating on Thursday, October 12. "(CHRW)" was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & worldwide trademark & copyright legislation. First Eagle Investment Management LLC lifted its position in shares of C.H. Robinson Worldwide by 8,008.8% during the 2nd quarter. The ratio is more positive, as 221 funds opened new or increased equity positions, while 178 reduced and sold their stock positions in C H Robinson Worldwide Inc. The company presently has a consensus rating of "Hold" and an average target price of $77.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The company's institutional ownership is monitored at 95 percent.