Wedbush Securities Inc. Buys 14,504 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Wedbush Securities Inc. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the 3rd quarter, HoldingsChannel reports. The fund bought 14,504 shares of the transportation company’s stock, valued at approximately $2,146,000.

A number of other hedge funds have also made changes to their positions in CHRW. Vision Financial Markets LLC bought a new stake in C.H. Robinson Worldwide during the third quarter worth about $262,000. Capital City Trust Co. FL bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $2,340,000. Sterling Capital Management LLC boosted its holdings in shares of C.H. Robinson Worldwide by 16,719.2% in the 3rd quarter. Sterling Capital Management LLC now owns 232,778 shares of the transportation company’s stock worth $34,442,000 after acquiring an additional 231,394 shares in the last quarter. Kennebec Savings Bank bought a new stake in C.H. Robinson Worldwide during the 3rd quarter worth approximately $853,000. Finally, Rede Wealth LLC acquired a new position in C.H. Robinson Worldwide in the third quarter worth $205,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Susquehanna lifted their price target on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 31st. Robert W. Baird decreased their price objective on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $190.00.

C.H. Robinson Worldwide Trading Down 0.8%

Shares of CHRW opened at $141.17 on Friday. The stock’s fifty day simple moving average is $146.52 and its 200-day simple moving average is $166.95. The firm has a market capitalization of $16.50 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.17 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12-month low of $125.41 and a 12-month high of $210.33. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The company’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the company earned $1.29 earnings per share. As a group, research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide’s dividend payout ratio is 48.09%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.