Wedge Capital Management L L P NC Lowers Position in C.H. Robinson Worldwide, Inc. $CHRW

Wedge Capital Management L L P NC reduced its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 17.8% during the fourth quarter, selling 10,935 shares and now owning 50,650 shares valued at $8.142 million. Despite this, several other institutional investors, including State Street Corp and Wellington Management Group LLP, increased their holdings, with institutional investors collectively owning 93.15% of the stock. C.H. Robinson reported strong quarterly EPS but a slight revenue decline, maintaining a “Moderate Buy” consensus rating from analysts with an average target price of $182.83.

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