Tobam Has $455,000 Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Tobam cut its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 87.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,405 shares of the transportation company’s stock after selling 29,666 shares during the period. Tobam’s holdings in C.H. Robinson Worldwide were worth $455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. QRG Capital Management Inc. lifted its stake in C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after buying an additional 98 shares during the period. Cascade Investment Advisors Inc. grew its stake in shares of C.H. Robinson Worldwide by 0.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 15,987 shares of the transportation company’s stock worth $1,652,000 after acquiring an additional 105 shares in the last quarter. Venturi Wealth Management LLC grew its position in C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 111 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of C.H. Robinson Worldwide by 3.5% in the fourth 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. Finally, SkyView Investment Advisors LLC grew its stake in C.H. Robinson Worldwide by 2.3% in the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after purchasing an additional 144 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the sale, the insider now directly owns 34,469 shares in the company, valued at $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 currently owned by insiders.

C.H. Robinson Worldwide Trading Down 0.6 %

C.H. Robinson Worldwide stock opened at $96.64 on Friday. The stock has a market cap of $11.42 billion, a P/E ratio of 25.10, a PEG ratio of 1.15 and a beta of 0.82. The firm’s 50 day moving average price is $104.85 and its 200-day moving average price is $104.07. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CHRW. Susquehanna dropped their price objective on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research note on Thursday, January 30th. Benchmark restated a “buy” rating and set a $125.00 target price on shares of C.H. Robinson Worldwide in a research report on Friday, January 31st. Raymond James dropped their price target on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $118.00 to $130.00 in a report on Monday, December 9th. Finally, Barclays increased their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $117.17.

C.H. Robinson Worldwide 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.