Wedge Capital Management L L P NC Boosts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in C.H. Robinson Worldwide by 6.2% in the fourth 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 position in shares of C.H. Robinson Worldwide by 59.8% in the 4th quarter. Empowered Funds LLC now owns 15,166 shares of the transportation company's stock valued at $1,567,000 after purchasing an additional 5,673 shares during the last quarter. WCM Investment Management LLC raised its position in shares of C.H. Robinson Worldwide by 73.5% in the 4th quarter. WCM Investment Management LLC now owns 4,987 shares of the transportation company's stock valued at $516,000 after purchasing an additional 2,113 shares during the last quarter. Stephens Inc. AR boosted its stake in C.H. Robinson Worldwide by 8.9% in 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 in the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new stake in C.H. Robinson Worldwide during the 4th quarter worth approximately $334,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Angela K. Freeman sold 5,700 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the transaction, the insider now owns 71,441 shares in the company, valued at $6,959,782.22. This trade represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded up $0.42 during mid-day trading on Thursday, hitting $95.00. 916,534 shares of the stock were exchanged, compared to its average volume of 1,330,479. C.H. Robinson Worldwide, Inc. has a 52-week low of $82.16 and a 52-week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The company has a market cap of $11.28 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.16 and a beta of 0.90. The firm has a fifty day moving average of $93.09 and a 200 day moving average of $99.29.

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 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The business's revenue was down 8.3% compared to the same quarter last year. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business 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 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Friday, June 6th. C.H. Robinson Worldwide's payout ratio is 59.33%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHRW. Deutsche Bank Aktiengesellschaft initiated coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a "buy" rating and a $129.00 price target for the company. JPMorgan Chase & Co. lowered their price target on C.H. Robinson Worldwide from $126.00 to $118.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Evercore ISI dropped their price target on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. UBS Group reduced their price objective on C.H. Robinson Worldwide from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, TD Securities upped their target price on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.29.

C.H. Robinson Worldwide Company 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.