Eliot Finkel Investment Counsel LLC acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 39,470 shares of the transportation company’s stock, valued at approximately $3,004,000. C.H. Robinson Worldwide accounts for about 2.1% of Eliot Finkel Investment Counsel LLC’s investment portfolio, making the stock its 26th largest position.

Other hedge funds have also recently made changes to their positions in the company. Nicolet Bankshares Inc. bought a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $202,000. Integrated Investment Consultants LLC increased its holdings in C.H. Robinson Worldwide by 39.0% in the 3rd quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock valued at $204,000 after acquiring an additional 750 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in C.H. Robinson Worldwide in the 3rd quarter valued at $205,000. Sawtooth Solutions LLC increased its holdings in C.H. Robinson Worldwide by 2.5% in the 2nd quarter. Sawtooth Solutions LLC now owns 3,031 shares of the transportation company’s stock valued at $208,000 after acquiring an additional 73 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in C.H. Robinson Worldwide by 10.2% in the 2nd quarter. MML Investors Services LLC now owns 3,025 shares of the transportation company’s stock valued at $208,000 after acquiring an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

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In related news, SVP James Lemke sold 15,000 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $79.98, for a total transaction of $1,199,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jordan T. Kass sold 1,738 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $78.75, for a total transaction of $136,867.50. Following the transaction, the insider now directly owns 24,348 shares of the company’s stock, valued at $1,917,405. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

A number of brokerages have issued reports on CHRW. Zacks Investment Research downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group, Inc. began coverage on shares of C.H. Robinson Worldwide in a report on Monday. They issued a “neutral” rating and a $78.00 price target on the stock. Credit Suisse Group lifted their price target on shares of C.H. Robinson Worldwide from $68.00 to $69.00 and gave the company an “underperform” rating in a report on Thursday, November 2nd. Barclays PLC lifted their price target on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Finally, Cowen and Company lifted their price target on shares of C.H. Robinson Worldwide from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. C.H. Robinson Worldwide has a consensus rating of “Hold” and an average price target of $77.35.

C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) traded up $0.45 during mid-day trading on Friday, hitting $80.40. 924,800 shares of the company were exchanged, compared to its average volume of 1,519,984. C.H. Robinson Worldwide, Inc. has a 52-week low of $63.41 and a 52-week high of $81.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $10,900.00, a PE ratio of 23.87, a PEG ratio of 2.75 and a beta of 0.44.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the previous year, the company earned $0.90 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.32 earnings per share for the current fiscal year.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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

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