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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InEnvestnet Asset Management Inc. recently sold 24,539 shares of C.H. Robinson Worldwide, Inc. (CHRW), marking a 7.6% reduction in its holding. Following this transaction, Envestnet retains 296,345 shares of CHRW, valued at approximately $39.24 million. This move contrasts with other significant institutional investors, such as Vanguard Group and State Street Corp, which have increased their positions in CHRW. Despite Envestnet's sale, analysts maintain a "Moderate Buy" consensus rating for the stock. The average target price for CHRW stands at $181.29, reflecting a generally positive outlook. This divergence in institutional activity presents a mixed signal for the logistics giant's stock.