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Vanguard increased its stake in CHRW by 251,943 shares, now owning 12% of the company valued at $1.5 billion.
Vanguard Group Inc. increased its holdings in transportation company C.H.
Robinson Worldwide (NASDAQ: CHRW) by 251,943 shares in the fourth quarter, now owning 14,535,174 shares or about 12% of the company, valued at $1.5 billion.
CHRW reported earnings of $1.21 per share for Q4, beating analyst expectations by $0.11.
The stock, with a market cap of $12.07 billion, opened at $101.68.
Wells Fargo lowered its price target for CHRW to $125.00 but maintained an overweight rating.
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Vanguard aumentó su participación en CHRW en 251.943 acciones, siendo ahora dueño del 12% de la compañía valorada en $1.5 mil millones.