C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Insider Sells $1,143,526.96 in Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $110.19 on Friday. The firm has a market capitalization of $13.03 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 1.29 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a 12-month low of $65.00 and a 12-month high of $113.10. The firm has a 50-day moving average price of $106.75 and a 200-day moving average price of $95.78. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.84 EPS. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 6th will be issued a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.25%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Wall Street Analyst Weigh In

CHRW has been the subject of several recent research reports. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their target price for the company from $76.00 to $99.00 in a report on Monday, July 22nd. Wells Fargo & Company boosted their target price on C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Barclays lifted their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday. TD Cowen increased their price objective on shares of C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, Citigroup raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $127.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $107.63.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its position in C.H. Robinson Worldwide by 83.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after purchasing an additional 185 shares during the last quarter. Quent Capital LLC boosted its position in C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares in the last quarter. Quarry LP grew its stake in C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the last quarter. Finally, Eastern Bank bought a new position in C.H. Robinson Worldwide in the third quarter worth about $54,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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.