14,504 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 14,504 shares of the transportation company’s stock, valued at approximately $2,146,000.

Several other large investors have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at $579,922,000. Dimensional Fund Advisors LP raised its holdings in shares of C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company’s stock worth $181,810,000 after acquiring an additional 25,674 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of C.H. Robinson Worldwide by 13.7% during the first quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company’s stock worth $175,304,000 after acquiring an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in C.H. Robinson Worldwide during the second quarter valued at $172,626,000. Finally, Hamlin Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter valued at $123,176,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.8%

Shares of NASDAQ:CHRW opened at $141.17 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $16.50 billion, a PE ratio of 26.94, a P/E/G ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $125.41 and a 1 year high of $210.33. The firm has a fifty day moving average price of $146.52 and a 200 day moving average price of $166.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 earnings per share. Analysts expect that C.H. Robinson Worldwide, Inc. will post 6.26 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is currently 48.09%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. TD Cowen reaffirmed a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. Stephens reduced their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $153.00 price target for the company. in a research note on Monday, October 12th. Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, UBS Group reaffirmed a “buy” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.00.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.