C.H. Robinson Worldwide (NASDAQ:CHRW) Insider Michael John Short Sells 2,390 Shares of Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael John Short sold 2,390 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $161.91, for a total transaction of $386,964.90. Following the completion of the transaction, the insider owned 55,158 shares of the company’s stock, valued at $8,930,631.78. This represents a 4.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

C.H. Robinson Worldwide Stock Up 2.1%

CHRW stock opened at $167.21 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $156.29 and its 200 day moving average price is $131.45. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $167.90. The company has a market cap of $19.75 billion, a P/E ratio of 33.92, a P/E/G ratio of 1.77 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period last year, the firm earned $1.28 EPS. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were issued a dividend of $0.63 per share. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. C.H. Robinson Worldwide’s payout ratio is presently 51.12%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in C.H. Robinson Worldwide by 198.6% in the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after acquiring an additional 4,751,034 shares during the last quarter. Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter valued at $118,976,000. Boston Partners increased its stake in C.H. Robinson Worldwide by 53.0% in the second quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after purchasing an additional 1,218,968 shares during the last quarter. Bank of New York Mellon Corp increased its stake in C.H. Robinson Worldwide by 78.3% in the second quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock valued at $193,219,000 after purchasing an additional 884,160 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in C.H. Robinson Worldwide during the third quarter worth about $72,929,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Susquehanna set a $165.00 price target on shares of C.H. Robinson Worldwide and gave the company a “positive” rating in a report on Wednesday, September 24th. Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and increased their price target for the company from $134.00 to $148.00 in a research report on Wednesday, October 8th. Sanford C. Bernstein reissued a “market perform” rating and set a $135.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.48.

C.H. Robinson Worldwide Company 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.