Wedge Capital Management L L P NC Acquires 3,132 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Wedge Capital Management L L P NC boosted its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,065 shares of the transportation company's stock after buying an additional 3,132 shares during the quarter. Wedge Capital Management L L P NC's holdings in C.H. Robinson Worldwide were worth $5,229,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CHRW. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in C.H. Robinson Worldwide by 6.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,704 shares of the transportation company's stock valued at $1,209,000 after buying an additional 682 shares during the last quarter. Empowered Funds LLC raised its holdings in C.H. Robinson Worldwide by 59.8% during the 4th quarter. Empowered Funds LLC now owns 15,166 shares of the transportation company's stock worth $1,567,000 after purchasing an additional 5,673 shares during the last quarter. WCM Investment Management LLC raised its holdings in C.H. Robinson Worldwide by 73.5% during the 4th quarter. WCM Investment Management LLC now owns 4,987 shares of the transportation company's stock worth $516,000 after purchasing an additional 2,113 shares during the last quarter. Stephens Inc. AR raised its holdings in C.H. Robinson Worldwide by 8.9% during the 4th quarter. Stephens Inc. AR now owns 2,531 shares of the transportation company's stock worth $262,000 after purchasing an additional 207 shares during the last quarter. Finally, Burns Matteson Capital Management LLC bought a new position in C.H. Robinson Worldwide during the 4th quarter worth approximately $334,000. Institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHRW. Raymond James lowered their price target on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Truist Financial began coverage on shares of C.H. Robinson Worldwide in a report on Thursday, March 13th. They set a "buy" rating and a $115.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They set a "buy" rating and a $129.00 price target for the company. UBS Group lowered their price target on shares of C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Susquehanna lowered their price objective on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a "positive" rating for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.29.

Insiders Place Their Bets

In other news, insider Angela K. Freeman sold 5,700 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the sale, the insider now directly owns 71,441 shares in the company, valued at $6,959,782.22. The trade was a 7.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Stock Down 1.7%

CHRW traded down $1.59 during mid-day trading on Wednesday, reaching $94.58. 1,231,006 shares of the stock were exchanged, compared to its average volume of 1,332,135. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.28. The stock has a market capitalization of $11.23 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.16 and a beta of 0.90. The company has a 50 day moving average price of $93.09 and a two-hundred day moving average price of $99.29. C.H. Robinson Worldwide, Inc. has a 1 year low of $82.16 and a 1 year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.15. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.29 billion. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The business's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. As a group, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide's dividend payout ratio is 59.33%.

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.