Insider Selling: C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Insider Sells 3,747 Shares of Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Rating) insider Michael D. Castagnetto sold 3,747 shares of the stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $110.15, for a total value of $412,732.05. Following the completion of the transaction, the insider now owns 20,060 shares of the company’s stock, valued at $2,209,609. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

C.H. Robinson Worldwide stock opened at $107.71 on Friday. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.67 and a 1-year high of $112.15. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $13.71 billion, a PE ratio of 15.21, a P/E/G ratio of 1.70 and a beta of 0.73. The stock’s fifty day moving average is $104.62 and its two-hundred day moving average is $101.15.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The transportation company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.51. C.H. Robinson Worldwide had a return on equity of 47.22% and a net margin of 3.75%. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same period last year, the firm earned $1.28 earnings per share. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 7.2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 3rd will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Thursday, June 2nd. C.H. Robinson Worldwide’s dividend payout ratio is presently 31.07%.

Several institutional investors and hedge funds have recently bought and sold shares of CHRW. TAP Consulting LLC acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $29,000. Ellevest Inc. increased its position in shares of C.H. Robinson Worldwide by 67.6% during the first quarter. Ellevest Inc. now owns 290 shares of the transportation company’s stock worth $31,000 after purchasing an additional 117 shares in the last quarter. Covington Capital Management increased its position in shares of C.H. Robinson Worldwide by 65.2% during the fourth quarter. Covington Capital Management now owns 413 shares of the transportation company’s stock worth $44,000 after purchasing an additional 163 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $46,000. Finally, Missouri Trust & Investment Co acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Several research analysts recently weighed in on CHRW shares. Citigroup increased their price objective on C.H. Robinson Worldwide from $108.00 to $120.00 in a research report on Thursday, April 28th. Morgan Stanley lowered their price target on C.H. Robinson Worldwide from $65.00 to $62.00 and set an “underweight” rating for the company in a research report on Thursday, February 3rd. Cowen raised their price target on C.H. Robinson Worldwide from $109.00 to $123.00 in a research report on Thursday, April 28th. Vertical Research lowered C.H. Robinson Worldwide from a “buy” rating to a “hold” rating and set a $110.00 price target for the company. in a research report on Wednesday, March 2nd. Finally, Susquehanna raised their price target on C.H. Robinson Worldwide from $95.00 to $107.00 in a research report on Thursday, April 28th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and a consensus target price of $108.91.

About C.H. Robinson Worldwide (Get Rating)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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

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