Kestra Private Wealth Services LLC Purchases 10,589 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Kestra Private Wealth Services LLC grew its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 50.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,477 shares of the transportation company's stock after acquiring an additional 10,589 shares during the quarter. Kestra Private Wealth Services LLC's holdings in C.H. Robinson Worldwide were worth $2,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. grew its stake in shares of C.H. Robinson Worldwide by 15.0% in the third quarter. Invesco Ltd. now owns 2,147,744 shares of the transportation company's stock valued at $184,985,000 after buying an additional 280,177 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of C.H. Robinson Worldwide by 20.0% in the third quarter. Wellington Management Group LLP now owns 1,687,367 shares of the transportation company's stock valued at $145,333,000 after buying an additional 280,938 shares in the last quarter. Northern Trust Corp grew its stake in shares of C.H. Robinson Worldwide by 15.9% in the third quarter. Northern Trust Corp now owns 1,536,430 shares of the transportation company's stock valued at $132,333,000 after buying an additional 211,089 shares in the last quarter. Royal Bank of Canada grew its stake in shares of C.H. Robinson Worldwide by 13.0% in the third quarter. Royal Bank of Canada now owns 1,338,395 shares of the transportation company's stock valued at $115,275,000 after buying an additional 154,381 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of C.H. Robinson Worldwide by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,024,235 shares of the transportation company's stock valued at $88,217,000 after buying an additional 27,377 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW traded up $8.84 during trading hours on Thursday, reaching $80.93. The company's stock had a trading volume of 6,430,403 shares, compared to its average volume of 1,670,793. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00. The business has a 50-day simple moving average of $72.55 and a 200 day simple moving average of $79.17. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $106.14. The stock has a market cap of $9.47 billion, a PE ratio of 30.64, a PEG ratio of 3.65 and a beta of 0.75.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.26. The company had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.44 annualized dividend and a yield of 3.01%. C.H. Robinson Worldwide's payout ratio is 90.04%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays boosted their target price on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an "underweight" rating in a research note on Thursday. TD Cowen boosted their target price on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a "hold" rating in a research note on Thursday. Bank of America lowered their target price on C.H. Robinson Worldwide from $70.00 to $68.00 and set an "underperform" rating for the company in a research note on Monday, April 15th. Stifel Nicolaus lifted their price target on C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a "hold" rating in a report on Wednesday, January 10th. Finally, Wolfe Research raised C.H. Robinson Worldwide from an "underperform" rating to a "peer perform" rating in a report on Thursday, April 11th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $82.60.

About C.H. Robinson Worldwide

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.