Ironwood Investment Counsel LLC Has $3.22 Million Position in C.H. Robinson Worldwide, Inc. (CHRW)

Ironwood Investment Counsel LLC boosted its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 17.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,244 shares of the transportation company’s stock after purchasing an additional 6,198 shares during the quarter. C.H. Robinson Worldwide comprises about 1.3% of Ironwood Investment Counsel LLC’s holdings, making the stock its 24th largest position. Ironwood Investment Counsel LLC’s holdings in C.H. Robinson Worldwide were worth $3,215,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Integrated Investment Consultants LLC raised its stake in C.H. Robinson Worldwide by 39.0% in the 3rd quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock valued at $204,000 after purchasing an additional 750 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $205,000. Conning Inc. acquired a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $213,000. NEXT Financial Group Inc increased its stake in shares of C.H. Robinson Worldwide by 7.8% during the 2nd quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock valued at $199,000 after acquiring an additional 209 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in shares of C.H. Robinson Worldwide by 10.2% during the 2nd quarter. MML Investors Services LLC now owns 3,025 shares of the transportation company’s stock valued at $208,000 after acquiring an additional 280 shares during the last quarter. 89.17% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on CHRW. Bank of America Corporation raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and upped their price objective for the company from $70.00 to $86.00 in a research note on Tuesday, October 10th. Stifel Nicolaus upped their price objective on shares of C.H. Robinson Worldwide from $71.00 to $82.00 and gave the company a “hold” rating in a research note on Wednesday. KeyCorp reaffirmed a “buy” rating and set a $78.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, September 26th. Credit Suisse Group reaffirmed a “sell” rating and set a $68.00 price objective (up previously from $63.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, October 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $76.56.

C.H. Robinson Worldwide, Inc. (NASDAQ CHRW) traded up 0.11% during mid-day trading on Wednesday, reaching $78.62. 1,213,763 shares of the company were exchanged. C.H. Robinson Worldwide, Inc. has a 12 month low of $63.41 and a 12 month high of $81.16. The company has a market cap of $11.04 billion, a P/E ratio of 23.06 and a beta of 0.42. The stock’s 50-day moving average is $75.86 and its 200-day moving average is $70.87.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.03. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the business earned $0.90 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post $3.26 earnings per share for the current year.

In other news, VP Angela K. Freeman sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.85% of the stock is owned by company insiders.

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About C.H. Robinson Worldwide

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.

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

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