Wealth Enhancement Advisory Services LLC Increases Stock Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Wealth Enhancement Advisory Services LLC raised its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 6.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,451 shares of the transportation company’s stock after acquiring an additional 4,644 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.07% of C.H. Robinson Worldwide worth $10,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in C.H. Robinson Worldwide in the 2nd quarter valued at $118,976,000. Boston Partners boosted its stake in shares of C.H. Robinson Worldwide by 53.0% during the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after purchasing an additional 1,218,968 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of C.H. Robinson Worldwide by 78.3% in the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock worth $193,219,000 after purchasing an additional 884,160 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in C.H. Robinson Worldwide by 119.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 793,841 shares of the transportation company’s stock worth $76,169,000 after buying an additional 432,406 shares during the period. Finally, State Street Corp lifted its holdings in C.H. Robinson Worldwide by 5.7% during the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company’s stock valued at $716,423,000 after buying an additional 397,177 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 0.7%

C.H. Robinson Worldwide stock opened at $176.66 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.64. The firm has a market cap of $20.87 billion, a P/E ratio of 35.83, a P/E/G ratio of 1.93 and a beta of 0.91. The business has a fifty day moving average of $163.16 and a two-hundred day moving average of $138.48. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $180.21.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The business’s revenue was down 10.9% compared to the same quarter last year. During the same period last year, the business posted $1.28 EPS. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, December 5th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a dividend yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is currently 51.12%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CHRW shares. Morgan Stanley raised their target price on shares of C.H. Robinson Worldwide from $77.00 to $85.00 and gave the stock an “underweight” rating in a research report on Monday, December 8th. Evercore ISI increased their price objective on C.H. Robinson Worldwide from $175.00 to $196.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Wells Fargo & Company lifted their target price on C.H. Robinson Worldwide from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Susquehanna upped their target price on C.H. Robinson Worldwide from $160.00 to $210.00 and gave the stock a “positive” rating in a report on Thursday, January 8th. Finally, BMO Capital Markets restated a “market perform” rating and set a $140.00 price target on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Fifteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.70.

Insider Activity

In other news, insider Michael John Short sold 1,230 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $175.00, for a total value of $215,250.00. Following the sale, the insider directly owned 53,928 shares in the company, valued at approximately $9,437,400. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela K. Freeman sold 49,884 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the transaction, the insider owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. This trade represents a 43.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 98,770 shares of company stock worth $14,937,201. Corporate insiders own 1.47% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.