Machina Capital S.A.S. lessened its holdings in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) by 38.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 12,964 shares of the transportation company’s stock after selling 8,050 shares during the quarter. Machina Capital S.A.S.’s holdings in C.H. Robinson Worldwide were worth $1,094,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its position in shares of C.H. Robinson Worldwide by 3.2% in the first quarter. BlackRock Inc. now owns 12,061,557 shares of the transportation company’s stock worth $1,049,234,000 after buying an additional 378,132 shares in the last quarter. FMR LLC raised its position in shares of C.H. Robinson Worldwide by 1.4% in the first quarter. FMR LLC now owns 8,125,920 shares of the transportation company’s stock worth $706,873,000 after buying an additional 111,607 shares in the last quarter. Northern Trust Corp raised its position in shares of C.H. Robinson Worldwide by 4.3% in the first quarter. Northern Trust Corp now owns 2,174,968 shares of the transportation company’s stock worth $189,200,000 after buying an additional 89,152 shares in the last quarter. Geode Capital Management LLC raised its position in shares of C.H. Robinson Worldwide by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 2,077,841 shares of the transportation company’s stock worth $174,463,000 after buying an additional 102,227 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide in the fourth quarter worth $103,687,000. Institutional investors own 86.10% of the company’s stock.

In related news, CEO Robert C. Biesterfeld, Jr. acquired 1,202 shares of C.H. Robinson Worldwide stock in a transaction dated Thursday, May 9th. The shares were purchased at an average cost of $83.18 per share, with a total value of $99,982.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.65% of the stock is currently owned by company insiders.

CHRW has been the topic of a number of recent analyst reports. Morgan Stanley set a $36.00 price objective on ArcBest and gave the stock a “hold” rating in a research report on Monday, July 8th. BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Susquehanna Bancshares cut Echo Global Logistics from a “positive” rating to a “neutral” rating in a research note on Wednesday, April 10th. Stephens set a $71.00 target price on Saia and gave the company a “hold” rating in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus set a $95.00 target price on C.H. Robinson Worldwide and gave the company a “buy” rating in a research note on Friday, May 3rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus target price of $93.71.

CHRW traded up $0.64 during trading on Tuesday, reaching $85.70. The stock had a trading volume of 9,251 shares, compared to its average volume of 1,103,903. The stock has a market capitalization of $11.60 billion, a PE ratio of 18.13, a PEG ratio of 1.92 and a beta of 0.63. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.81. C.H. Robinson Worldwide Inc has a one year low of $77.72 and a one year high of $101.20. The firm’s 50-day moving average is $83.76.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, April 30th. The transportation company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.02. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The firm’s revenue was down 4.4% on a year-over-year basis. On average, analysts forecast that C.H. Robinson Worldwide Inc will post 4.91 earnings per share for the current fiscal year.

About C.H. Robinson Worldwide

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 North American Surface Transportation and Global Forwarding segments. 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 that include the 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 offers door-to-door services.

Further Reading: Day Trading – Risk Worth the Reward?

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.