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

Wedge Capital Management L L P NC bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 47,933 shares of the transportation company's stock, valued at approximately $4,952,000.

A number of other hedge funds have also recently added to or reduced their stakes in CHRW. D.A. Davidson & CO. increased its stake in C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company's stock valued at $741,000 after purchasing an additional 443 shares during the period. Chesapeake Capital Corp IL purchased a new position in shares of C.H. Robinson Worldwide during the third quarter worth about $835,000. Northstar Advisory Group LLC purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $587,000. JPMorgan Chase & Co. increased its position in C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company's stock valued at $155,830,000 after acquiring an additional 36,769 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new stake in C.H. Robinson Worldwide during the 4th quarter valued at approximately $543,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Insider Transactions at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the completion of the sale, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Castagnetto sold 2,032 shares of the company's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the transaction, the insider now directly owns 34,469 shares of the company's stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Raymond James raised C.H. Robinson Worldwide from a "market perform" rating to an "outperform" rating and set a $123.00 target price on the stock in a report on Friday, January 10th. BMO Capital Markets upped their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a "market perform" rating in a research report on Friday, December 13th. Evercore ISI lifted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Susquehanna raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "positive" rating and increased their price target for the stock from $115.00 to $130.00 in a report on Friday, January 3rd. Finally, Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $118.00 to $130.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $114.65.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded up $0.89 during trading on Monday, hitting $103.58. 1,119,326 shares of the company were exchanged, compared to its average volume of 771,554. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average price of $106.21 and a 200 day moving average price of $102.83. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 35.84, a P/E/G ratio of 0.83 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business's revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 earnings per share. On average, equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.4 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.39%. C.H. Robinson Worldwide's dividend payout ratio is currently 85.81%.

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.