C.H. Robinson Worldwide, Inc. $CHRW Shares Purchased by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in C.H. Robinson Worldwide by 189.8% during the second quarter, now owning approximately 72,807 shares valued at $7.14 million.
• C.H. Robinson reported a quarterly earnings of $1.29 per share, exceeding analyst estimates, although revenue was down 7.7% from the previous year.
• The firm announced a quarterly dividend of $0.62 per share, representing an annual yield of 1.8%.

Wealth Enhancement Advisory Services LLC boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 189.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,807 shares of the transportation company's stock after purchasing an additional 47,683 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of C.H. Robinson Worldwide worth $7,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. North Capital Inc. purchased a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $25,000. NBC Securities Inc. purchased a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $27,000. First Financial Corp IN purchased a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $31,000. WPG Advisers LLC purchased a new stake in C.H. Robinson Worldwide in the first quarter valued at approximately $32,000. Finally, AdvisorNet Financial Inc lifted its stake in C.H. Robinson Worldwide by 252.1% in the first quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock valued at $43,000 after buying an additional 300 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Up 0.2%

NASDAQ:CHRW opened at $134.24 on Wednesday. The stock has a fifty day moving average price of $119.78 and a two-hundred day moving average price of $103.73. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 2.10 and a beta of 0.87. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $138.00.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%.C.H. Robinson Worldwide's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 earnings per share. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a $0.62 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.48 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio is presently 56.49%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHRW. Stifel Nicolaus boosted their price objective on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Barclays reiterated an "underweight" rating and issued a $95.00 price objective (up previously from $90.00) on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. Wolfe Research upgraded C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research note on Tuesday, July 1st. Susquehanna restated a "positive" rating and set a $120.00 price target (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. Finally, Wells Fargo & Company upped their price target on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $117.24.

Insiders Place Their Bets

In other C.H. Robinson Worldwide news, insider Arun Rajan sold 2,500 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $121.74, for a total value of $304,350.00. Following the completion of the transaction, the insider owned 130,591 shares in the company, valued at approximately $15,898,148.34. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 5,713 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the transaction, the insider owned 65,728 shares of the company's stock, valued at $7,640,222.72. The trade was a 8.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,577 shares of company stock worth $1,714,544. 0.91% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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