Mirae Asset Global Investments Co. Ltd. Purchases 17,696 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Mirae Asset Global Investments Co. Ltd. increased its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 19.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,127 shares of the transportation company’s stock after acquiring an additional 17,696 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.09% of C.H. Robinson Worldwide worth $11,128,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 worth $27,000 after acquiring an additional 111 shares in the last quarter. Quarry LP grew its position in C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock worth $43,000 after acquiring an additional 171 shares in the last quarter. Missouri Trust & Investment Co purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $41,000. Brooklyn Investment Group boosted its position in shares of C.H. Robinson Worldwide by 213.5% during the fourth quarter. Brooklyn Investment Group now owns 464 shares of the transportation company’s stock valued at $48,000 after buying an additional 316 shares during the period. Finally, Eastern Bank purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at approximately $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $96.64 on Friday. The firm has a market capitalization of $11.42 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. 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, Inc. has a 1-year low of $65.00 and a 1-year high of $114.82. The company’s fifty day moving average price is $104.85 and its 200-day moving average price is $104.07.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate 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%. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.81 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CHRW shares. TD Cowen boosted their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Stifel Nicolaus upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Friday, January 31st. Wells Fargo & Company upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $118.00 to $130.00 in a research report on Monday, December 9th. Benchmark reiterated a “buy” rating and issued a $125.00 price target on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Finally, Bank of America lowered their price target 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $117.17.

About C.H. Robinson Worldwide

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.