Timber Hill Lifted C.H. Robinson Worldwide (CHRW) Holding by $442,959; Brown & Brown (BRO) Position Has Increased by New York State Teachers Retirement System

August 12, 2018 - By Mark Babin

Brown & Brown, Inc. (NYSE:BRO) Logo

Timber Hill Llc increased its stake in C.H. Robinson Worldwide Inc (CHRW) by 52.13% based on its latest 2018Q1 regulatory filing with the SEC. Timber Hill Llc bought 4,763 shares as the company’s stock declined 6.76% with the market. The institutional investor held 13,900 shares of the transportation company at the end of 2018Q1, valued at $1.30 million, up from 9,137 at the end of the previous reported quarter. Timber Hill Llc who had been investing in C.H. Robinson Worldwide Inc for a number of months, seems to be bullish on the $13.21 billion market cap company. The stock increased 0.16% or $0.15 during the last trading session, reaching $94.9. About 831,804 shares traded. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) has risen 29.92% since August 12, 2017 and is uptrending. It has outperformed by 17.35% the S&P500. Some Historical CHRW News: 09/04/2018 – S&PGR Rts C.H. Robinson Sr Unscd Nts ‘BBB+’; 15/05/2018 – Paloma Adds 51job, Exits C.H. Robinson, Cuts Citigroup: 13F; 01/05/2018 – C.H. ROBINSON 1Q EPS $1.01; 20/04/2018 – DJ CH Robinson Worldwide Inc, Inst Holders, 1Q 2018 (CHRW); 08/05/2018 – C.H. ROBINSON TO PARTICIPATE IN BANK OF AMERICA MERRILL LYNCH 2; 26/04/2018 – C.H. Robinson Closes Below 50-Day Moving Average: Technicals; 26/03/2018 – Moody’s Rates C.H. Robinson’s Senior Unsecured Shelf At (P)Baa2; Outlook Stable; 01/05/2018 – CH Robinson Worldwide 1Q EPS $1.01; 22/05/2018 – C.H. Robinson Presenting at Conference Tomorrow; 09/04/2018 – C.H. ROBINSON WORLDWIDE INC FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO A POTENTIAL NOTES OFFERING – SEC FILING

New York State Teachers Retirement System increased its stake in Brown & Brown Inc (BRO) by 99.37% based on its latest 2018Q1 regulatory filing with the SEC. New York State Teachers Retirement System bought 187,968 shares as the company’s stock rose 4.20% while stock markets declined. The institutional investor held 377,136 shares of the finance company at the end of 2018Q1, valued at $9.59 million, up from 189,168 at the end of the previous reported quarter. New York State Teachers Retirement System who had been investing in Brown & Brown Inc for a number of months, seems to be bullish on the $8.19B market cap company. The stock decreased 0.24% or $0.07 during the last trading session, reaching $29.65. About 509,711 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 29.47% since August 12, 2017 and is uptrending. It has outperformed by 16.90% the S&P500.

Investors sentiment decreased to 0.75 in Q1 2018. Its down 0.19, from 0.94 in 2017Q4. It dropped, as 49 investors sold CHRW shares while 170 reduced holdings. 51 funds opened positions while 113 raised stakes. 123.22 million shares or 4.26% less from 128.71 million shares in 2017Q4 were reported. Panagora Asset owns 11,319 shares. State Of Alaska Department Of Revenue reported 32,954 shares. First Republic Mgmt Inc invested in 0.03% or 37,642 shares. Ny State Common Retirement Fund holds 0.05% or 410,458 shares. Employees Retirement Sys Of Texas holds 8,000 shares. Rech Invsts has 3.74 million shares. Marshall Wace Llp holds 0.21% or 54,530 shares in its portfolio. Amp Investors Limited owns 35,915 shares. Caprock Group Incorporated holds 0.27% or 13,544 shares. Texas Permanent School Fund stated it has 36,108 shares or 0.05% of all its holdings. Moreover, Atlantic Limited Co has 0% invested in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW). Carlson Capital Mgmt invested 0.16% in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW). Bokf Na has invested 0.02% in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW). Farmers Merchants Invests Inc invested in 858 shares or 0.01% of the stock. Guggenheim Capital Ltd Llc reported 442,299 shares.

Among 23 analysts covering C.H. Robinson Worldwide (NASDAQ:CHRW), 11 have Buy rating, 2 Sell and 10 Hold. Therefore 48% are positive. C.H. Robinson Worldwide had 101 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, January 31. Evercore initiated C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) rating on Wednesday, August 19. Evercore has “Buy” rating and $81 target. BMO Capital Markets upgraded C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) on Wednesday, July 26 to “Outperform” rating. The firm has “Buy” rating given on Monday, April 16 by UBS. The stock has “Sell” rating by Credit Suisse on Thursday, May 3. The rating was upgraded by BB&T Capital to “Buy” on Monday, September 28. The rating was initiated by BMO Capital Markets on Wednesday, December 9 with “Outperform”. Credit Suisse maintained the shares of CHRW in report on Thursday, November 2 with “Underperform” rating. RBC Capital Markets upgraded the stock to “Outperform” rating in Thursday, January 7 report. The firm has “Underweight” rating given on Monday, July 11 by JP Morgan.

More important recent C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) news were published by: Benzinga.com which released: “CH Robinson Earnings: Consistent Margins, Year-to-year Comps Get Tougher, Mixed ELD Impact” on August 01, 2018, also Seekingalpha.com published article titled: “CH Robinson Worldwide (CHRW) Q2 2018 Results – Earnings Call Transcript”, Seekingalpha.com published: “July Employment Report Preview” on August 03, 2018. More interesting news about C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) was released by: Bizjournals.com and their article: “CH Robinson names new top tech executive” with publication date: August 02, 2018.

Timber Hill Llc, which manages about $655.49M US Long portfolio, decreased its stake in Illinois Tool Works (NYSE:ITW) by 18,693 shares to 11,887 shares, valued at $1.86M in 2018Q1, according to the filing. It also reduced its holding in Bank Of New York Mellon Corp (NYSE:BK) by 27,983 shares in the quarter, leaving it with 48,430 shares, and cut its stake in Intl Business Machines Corp (NYSE:IBM).

Since February 12, 2018, it had 0 buys, and 5 insider sales for $3.06 million activity. 1,700 shares were sold by Kass Jordan T, worth $155,276 on Tuesday, February 13. Shares for $94,619 were sold by Freeman Angela K. on Tuesday, February 27. Biesterfeld Robert C Jr had sold 7,047 shares worth $662,240 on Monday, February 26. 4,346 shares were sold by LEMKE JAMES, worth $403,092. The insider LINDBLOOM CHAD sold $487,991. OBRIEN CHRIS sold 3,909 shares worth $355,113.

Since March 13, 2018, it had 0 insider buys, and 1 insider sale for $7.40 million activity.

Among 17 analysts covering Brown & Brown (NYSE:BRO), 3 have Buy rating, 3 Sell and 11 Hold. Therefore 18% are positive. Brown & Brown had 60 analyst reports since August 24, 2015 according to SRatingsIntel. Zacks upgraded Brown & Brown, Inc. (NYSE:BRO) on Monday, September 7 to “Hold” rating. The firm earned “Hold” rating on Friday, October 6 by Keefe Bruyette & Woods. The stock of Brown & Brown, Inc. (NYSE:BRO) has “Hold” rating given on Monday, August 21 by RBC Capital Markets. The firm earned “Sell” rating on Thursday, July 12 by Citigroup. The company was initiated on Tuesday, June 28 by JP Morgan. RBC Capital Markets maintained the shares of BRO in report on Tuesday, January 23 with “Hold” rating. Citigroup maintained Brown & Brown, Inc. (NYSE:BRO) on Tuesday, May 8 with “Sell” rating. The stock has “Hold” rating by Deutsche Bank on Thursday, March 29. The company was maintained on Tuesday, October 17 by RBC Capital Markets. As per Tuesday, February 16, the company rating was initiated by Citigroup.

More important recent Brown & Brown, Inc. (NYSE:BRO) news were published by: Seekingalpha.com which released: “Brown & Brown Insurance (BRO) CEO Powell Brown on Q2 2018 Results – Earnings Call Transcript” on July 25, 2018, also Streetinsider.com published article titled: “Brown & Brown (BRO) to Acquire Professional Disability Associates, LLC”, Globenewswire.com published: “Brown & Brown, Inc. to Host Investor Day” on August 06, 2018. More interesting news about Brown & Brown, Inc. (NYSE:BRO) was released by: Nasdaq.com and their article: “Brown & Brown, Inc. Announces Quarterly Revenues of $473.1 Million, an Increase of 1.5%; and Diluted Net Income …” with publication date: July 23, 2018.

New York State Teachers Retirement System, which manages about $41.07B US Long portfolio, decreased its stake in Progressive Corp Ohio (NYSE:PGR) by 31,656 shares to 950,543 shares, valued at $57.92 million in 2018Q1, according to the filing. It also reduced its holding in Royal Gold Inc (NASDAQ:RGLD) by 6,600 shares in the quarter, leaving it with 118,400 shares, and cut its stake in Copart (NASDAQ:CPRT).

Investors sentiment increased to 7.35 in 2018 Q1. Its up 6.37, from 0.98 in 2017Q4. It increased, as 13 investors sold BRO shares while 18 reduced holdings. 50 funds opened positions while 178 raised stakes. 384.28 million shares or 295.49% more from 97.17 million shares in 2017Q4 were reported. Acadian Asset Mgmt Limited Liability owns 57,988 shares. Guggenheim Cap Ltd Llc holds 0% in Brown & Brown, Inc. (NYSE:BRO) or 16,892 shares. 20.03 million are held by Blackrock. 95,946 were reported by Pggm Invests. Comml Bank Of Nova Scotia owns 0.01% invested in Brown & Brown, Inc. (NYSE:BRO) for 38,500 shares. First Merchants Corp has 0.19% invested in Brown & Brown, Inc. (NYSE:BRO). Moreover, Rhumbline Advisers has 0.03% invested in Brown & Brown, Inc. (NYSE:BRO) for 540,060 shares. Moreover, Van Berkom & Associates has 0.6% invested in Brown & Brown, Inc. (NYSE:BRO). Advisory Service Ltd Liability Company accumulated 40,330 shares or 0.08% of the stock. State Of Tennessee Treasury Department accumulated 0.02% or 140,000 shares. Fifth Third State Bank, Ohio-based fund reported 115 shares. Richard Bernstein Ltd Liability Com holds 0.08% of its portfolio in Brown & Brown, Inc. (NYSE:BRO) for 89,544 shares. Nomura Hldg Inc stated it has 0% in Brown & Brown, Inc. (NYSE:BRO). Kdi Cap Prtn Ltd holds 0.13% of its portfolio in Brown & Brown, Inc. (NYSE:BRO) for 15,200 shares. Howe And Rusling invested in 0% or 200 shares.

Brown & Brown, Inc. (NYSE:BRO) Institutional Positions Chart

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