C.H. Robinson Worldwide, Inc. $CHRW Stock Acquired by Wedmont Private Capital

Wedmont Private Capital grew its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 3,225.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,761 shares of the transportation company’s stock after acquiring an additional 43,415 shares during the quarter. Wedmont Private Capital’s holdings in C.H. Robinson Worldwide were worth $6,623,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Dogwood Wealth Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in C.H. Robinson Worldwide by 57.3% in the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares during the last quarter. Millstone Evans Group LLC lifted its stake in C.H. Robinson Worldwide by 79.8% in the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Root Financial Partners LLC boosted its position in C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock valued at $155,000 after buying an additional 75 shares during the period. Finally, Elevated Capital Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 10.9% during the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock valued at $139,000 after buying an additional 82 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHRW. Freedom Capital upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Robert W. Baird reduced their price target on C.H. Robinson Worldwide from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Stephens lowered their price objective on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Bank of America reissued a “buy” rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday. Finally, Truist Financial cut their target price on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $194.76.

C.H. Robinson Worldwide Trading Up 1.3%

C.H. Robinson Worldwide stock traded up $1.77 during mid-day trading on Friday, reaching $143.11. 759,612 shares of the company traded hands, compared to its average volume of 1,973,589. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. C.H. Robinson Worldwide, Inc. has a 52-week low of $123.64 and a 52-week high of $210.33. The firm has a market capitalization of $16.72 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 1.13 and a beta of 0.94. The firm’s 50 day moving average price is $148.33 and its 200 day moving average price is $168.98.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the company posted $1.29 EPS. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.21 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. C.H. Robinson Worldwide’s payout ratio is presently 48.09%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.