C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Insider Sells $50,646.60 in Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Mac S. Pinkerton sold 540 shares of the firm’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $93.79, for a total transaction of $50,646.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NASDAQ:CHRW opened at $98.26 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.36 and a quick ratio of 1.36. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.67 and a 1-year high of $104.35. The company has a market capitalization of $12.77 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.71 and a beta of 0.74. The firm’s 50 day simple moving average is $93.12 and its two-hundred day simple moving average is $93.32.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Tuesday, October 26th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.43. C.H. Robinson Worldwide had a net margin of 3.60% and a return on equity of 40.08%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.27 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in CHRW. TimeScale Financial Inc. bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $45,000. Bbva USA bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $45,000. Koshinski Asset Management Inc. bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $61,000. Ameritas Investment Company LLC bought a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $67,000. Finally, Jacobi Capital Management LLC increased its position in C.H. Robinson Worldwide by 18.8% in the second quarter. Jacobi Capital Management LLC now owns 719 shares of the transportation company’s stock worth $67,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

A number of brokerages have recently issued reports on CHRW. Zacks Investment Research raised shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating and set a $110.00 price target on the stock in a report on Friday, November 5th. Credit Suisse Group dropped their price target on shares of C.H. Robinson Worldwide from $93.00 to $87.00 and set an “underperform” rating on the stock in a report on Wednesday, July 28th. Evercore ISI began coverage on shares of C.H. Robinson Worldwide in a report on Monday, September 13th. They set an “inline” rating and a $95.00 price target on the stock. Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $85.00 to $92.00 and gave the company an “underweight” rating in a report on Wednesday, October 27th. Finally, Robert W. Baird reissued a “hold” rating on shares of C.H. Robinson Worldwide in a report on Thursday, October 28th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $96.92.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc engages in the provision of freight transportation services and logistics solutions. It operates through the following three segments: North American Surface Transportation and Global Forwarding. The North American Surface Transportation segment provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico.

Recommended Story: Diluted Earnings Per Share

Insider Buying and Selling by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.