Korea Investment CORP Has $941,000 Holdings in C.H. Robinson Worldwide Inc (CHRW)

Korea Investment CORP reduced its position in shares of C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 87.2% during the 3rd quarter, Holdings Channel reports. The firm owned 9,606 shares of the transportation company’s stock after selling 65,306 shares during the quarter. Korea Investment CORP’s holdings in C.H. Robinson Worldwide were worth $941,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CHRW. FMR LLC boosted its stake in shares of C.H. Robinson Worldwide by 42.0% during the 3rd quarter. FMR LLC now owns 4,178,198 shares of the transportation company’s stock worth $409,129,000 after purchasing an additional 1,235,725 shares during the last quarter. Luminus Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 268.3% during the 2nd quarter. Luminus Management LLC now owns 1,253,027 shares of the transportation company’s stock worth $104,828,000 after purchasing an additional 912,800 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of C.H. Robinson Worldwide by 255.2% in the second quarter. Janus Henderson Group PLC now owns 1,246,059 shares of the transportation company’s stock worth $104,245,000 after acquiring an additional 895,269 shares during the last quarter. Bank of America Corp DE boosted its position in shares of C.H. Robinson Worldwide by 10.8% in the second quarter. Bank of America Corp DE now owns 6,253,343 shares of the transportation company’s stock worth $523,154,000 after acquiring an additional 607,678 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the second quarter worth approximately $48,497,000. 86.14% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on CHRW. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. Citigroup decreased their target price on shares of C.H. Robinson Worldwide from $111.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Morgan Stanley set a $67.00 target price on shares of C.H. Robinson Worldwide and gave the stock a “sell” rating in a research report on Monday, October 22nd. Finally, Cleveland Research reissued a “neutral” rating on shares of C.H. Robinson Worldwide in a research report on Friday, October 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. C.H. Robinson Worldwide has a consensus rating of “Hold” and an average target price of $97.13.

Shares of CHRW stock opened at $87.69 on Friday. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 2.19 and a beta of 0.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.85 and a current ratio of 1.85. C.H. Robinson Worldwide Inc has a fifty-two week low of $80.83 and a fifty-two week high of $101.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.08. The firm had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.30 billion. C.H. Robinson Worldwide had a net margin of 3.83% and a return on equity of 41.22%. C.H. Robinson Worldwide’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. As a group, equities research analysts anticipate that C.H. Robinson Worldwide Inc will post 4.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.28%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 14th. C.H. Robinson Worldwide’s payout ratio is 52.87%.

In other C.H. Robinson Worldwide news, insider Ben G. Campbell sold 4,000 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $100.00, for a total transaction of $400,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Korea Investment CORP Has $941,000 Holdings in C.H. Robinson Worldwide Inc (CHRW)” was reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this piece of content can be read at https://www.thelincolnianonline.com/2018/12/08/korea-investment-corp-has-941000-holdings-in-c-h-robinson-worldwide-inc-chrw.html.

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 three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. 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, which is 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 provides door-to-door services.

Recommended Story: Technical Analysis of Stocks, How Can It Help

Want to see what other hedge funds are holding CHRW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C.H. Robinson Worldwide Inc (NASDAQ:CHRW).

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

Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply