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

Key Points

• Wedbush Securities acquired 14,504 shares of C.H. Robinson Worldwide during the third quarter, worth approximately $2.15 million. Institutional investors and hedge funds collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion.
• The stock opened at $141.17, below its 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $190, while the company pays a quarterly dividend of $0.63.

Wedbush Securities Inc. acquired a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) 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 - Get Free Report) 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.

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