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

Wealth Enhancement Advisory Services LLC increased its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 34.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,760 shares of the transportation company’s stock after purchasing an additional 26,309 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of C.H. Robinson Worldwide worth $17,396,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $27,000. CYBER HORNET ETFs LLC bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $30,000. Clearstead Advisors LLC increased its stake in shares of C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after buying an additional 128 shares during the period. Arlington Trust Co LLC purchased a new position in shares of C.H. Robinson Worldwide during the third quarter valued at $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $34,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $169.74 on Thursday. The company has a market capitalization of $20.13 billion, a PE ratio of 35.14, a P/E/G ratio of 1.78 and a beta of 0.90. The company has a 50-day simple moving average of $181.71 and a two-hundred day simple moving average of $159.41. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $203.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same period last year, the business earned $1.21 EPS. The company’s revenue was down 6.5% compared to the same quarter last year. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 52.17%.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total value of $1,281,878.40. Following the transaction, the insider directly owned 52,101 shares of the company’s stock, valued at approximately $10,487,931.30. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 8,579 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $200.52, for a total value of $1,720,261.08. Following the transaction, the insider directly owned 55,611 shares in the company, valued at approximately $11,151,117.72. The trade was a 13.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders acquired 2,422 shares of company stock valued at $400,801 and sold 21,416 shares valued at $4,157,630. 1.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Barclays upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $145.00 to $200.00 in a report on Tuesday, December 16th. Evercore upped their price target on shares of C.H. Robinson Worldwide from $196.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $200.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Finally, Benchmark boosted their price objective on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $181.29.

C.H. Robinson Worldwide Profile

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.