Manning & Napier Advisors LLC Purchases 393,318 Shares of C.H. Robinson Worldwide, Inc. (CHRW)

Manning & Napier Advisors LLC lifted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1,257.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 424,604 shares of the transportation company’s stock after purchasing an additional 393,318 shares during the period. Manning & Napier Advisors LLC owned about 0.30% of C.H. Robinson Worldwide worth $32,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in shares of C.H. Robinson Worldwide by 2.8% during the third quarter. Ameriprise Financial Inc. now owns 59,601 shares of the transportation company’s stock worth $4,535,000 after acquiring an additional 1,598 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter worth $1,493,000. Fragasso Group Inc. boosted its position in shares of C.H. Robinson Worldwide by 4.1% during the third quarter. Fragasso Group Inc. now owns 19,861 shares of the transportation company’s stock worth $1,555,000 after acquiring an additional 787 shares during the last quarter. Rhumbline Advisers boosted its position in shares of C.H. Robinson Worldwide by 0.8% during the third quarter. Rhumbline Advisers now owns 317,575 shares of the transportation company’s stock worth $24,167,000 after acquiring an additional 2,519 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in C.H. Robinson Worldwide by 11.6% during the third quarter. Toronto Dominion Bank now owns 53,252 shares of the transportation company’s stock valued at $4,052,000 after purchasing an additional 5,518 shares during the last quarter. 94.66% of the stock is owned by hedge funds and other institutional investors.

Shares of C.H. Robinson Worldwide, Inc. (CHRW) traded down $0.11 during trading on Friday, hitting $86.54. 2,030,000 shares of the stock were exchanged, compared to its average volume of 1,524,375. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.24 and a current ratio of 1.24. C.H. Robinson Worldwide, Inc. has a 52-week low of $63.41 and a 52-week high of $87.17. The stock has a market cap of $12,064.11, a P/E ratio of 25.83, a P/E/G ratio of 2.97 and a beta of 0.48.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.65 billion. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 3.33 earnings per share for the current fiscal year.

In other C.H. Robinson Worldwide news, SVP James Lemke sold 15,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $79.98, for a total transaction of $1,199,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Angela K. Freeman sold 1,300 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $80.64, for a total transaction of $104,832.00. The disclosure for this sale can be found here. Insiders sold a total of 18,038 shares of company stock valued at $1,441,400 over the last quarter. 0.85% of the stock is owned by company insiders.

Several equities analysts have commented on CHRW shares. Cowen upgraded shares of C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $68.00 to $87.00 in a research report on Monday, October 16th. Stephens upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $73.00 to $90.00 in a research report on Wednesday, August 30th. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Goldman Sachs Group initiated coverage on shares of C.H. Robinson Worldwide in a report on Monday, November 13th. They issued a “neutral” rating and a $78.00 target price for the company. Finally, Credit Suisse Group raised their target price on shares of C.H. Robinson Worldwide from $68.00 to $69.00 and gave the stock an “underperform” rating in a report on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $77.35.

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C.H. Robinson Worldwide Company Profile

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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