Eqis Capital Management Inc. lowered its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,792 shares of the transportation company’s stock after selling 244 shares during the period. Eqis Capital Management Inc.’s holdings in C.H. Robinson Worldwide were worth $388,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CHRW. Ovata Capital Management Ltd purchased a new position in shares of C.H. Robinson Worldwide during the second quarter valued at $25,000. Berman Capital Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 50.4% during the second quarter. Berman Capital Advisors LLC now owns 373 shares of the transportation company’s stock valued at $28,000 after buying an additional 125 shares during the period. Prospera Financial Services Inc purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $28,000. FIL Ltd purchased a new position in C.H. Robinson Worldwide in the second quarter valued at about $34,000. Finally, Prestige Wealth Management Group LLC grew its stake in C.H. Robinson Worldwide by 57.2% in the third quarter. Prestige Wealth Management Group LLC now owns 393 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

CHRW opened at $92.59 on Friday. The stock’s 50-day moving average price is $97.05 and its 200 day moving average price is $89.83. C.H. Robinson Worldwide, Inc. has a 12-month low of $56.94 and a 12-month high of $106.75. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.86 and a beta of 0.68.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Tuesday, October 27th. The transportation company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. C.H. Robinson Worldwide had a return on equity of 26.78% and a net margin of 2.96%. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.61 earnings per share for the current year.

In other C.H. Robinson Worldwide news, insider Mac S. Pinkerton sold 500 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $98.06, for a total transaction of $49,030.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.82% of the stock is owned by corporate insiders.

Several research firms have issued reports on CHRW. BidaskClub lowered C.H. Robinson Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 13th. Loop Capital downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $96.00 price target for the company. in a report on Thursday, July 30th. Robert W. Baird downgraded C.H. Robinson Worldwide from an “outperform” rating to a “neutral” rating and set a $98.00 target price for the company. in a report on Monday, August 17th. Wolfe Research upgraded C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Friday. Finally, Morgan Stanley boosted their price objective on C.H. Robinson Worldwide from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $90.67.

C.H. Robinson Worldwide Company 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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