NewEdge Advisors LLC Boosts Stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

NewEdge Advisors LLC grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 827.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,258 shares of the transportation company's stock after buying an additional 4,691 shares during the period. NewEdge Advisors LLC's holdings in C.H. Robinson Worldwide were worth $543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. National Pension Service acquired a new position in C.H. Robinson Worldwide during the fourth quarter valued at approximately $25,000. Proficio Capital Partners LLC bought a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth about $33,000. Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide in the 4th quarter valued at approximately $41,000. Mainstream Capital Management LLC bought a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $41,000. Finally, Brooklyn Investment Group increased its position in C.H. Robinson Worldwide by 213.5% during the 4th quarter. Brooklyn Investment Group now owns 464 shares of the transportation company's stock worth $48,000 after purchasing an additional 316 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Insider Activity

In related news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares of the company's stock, valued at $3,444,765.60. The trade was a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Angela K. Freeman sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $100.39, for a total value of $803,120.00. Following the completion of the sale, the insider now directly owns 77,027 shares of the company's stock, valued at $7,732,740.53. The trade was a 9.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.91% of the company's stock.

C.H. Robinson Worldwide Stock Up 1.2 %

Shares of NASDAQ CHRW traded up $1.07 during trading on Thursday, hitting $90.29. 1,218,020 shares of the company traded hands, compared to its average volume of 1,403,650. 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 business's fifty day moving average is $95.76 and its 200 day moving average is $102.03. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 1.16 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $70.41 and a fifty-two week high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The company's quarterly revenue was down 8.3% on a year-over-year basis. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, March 7th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 64.42%.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of research reports. Jefferies Financial Group decreased their target price on shares of C.H. Robinson Worldwide from $110.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Evercore ISI lowered their target price on C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating for the company in a report on Thursday. TD Securities boosted their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating and set a $113.00 price objective for the company in a report on Friday, January 31st. Finally, Wells Fargo & Company reduced their target price on shares of C.H. Robinson Worldwide from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.38.

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.