C.H. Robinson Worldwide (NASDAQ:CHRW) Insider Michael John Short Sells 1,230 Shares of Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael John Short sold 1,230 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $175.00, for a total value of $215,250.00. Following the completion of the sale, the insider directly owned 53,928 shares of the company’s stock, valued at approximately $9,437,400. This represents a 2.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael John Short also recently made the following trade(s):

• On Wednesday, December 31st, Michael John Short sold 2,390 shares of C.H. Robinson Worldwide stock. The stock was sold at an average price of $161.91, for a total transaction of $386,964.90.

C.H. Robinson Worldwide Trading Down 0.4%

Shares of CHRW opened at $175.10 on Wednesday. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $178.13. The firm has a market cap of $20.69 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 1.91 and a beta of 0.91. The firm has a 50 day moving average price of $161.63 and a 200-day moving average price of $137.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.26 billion. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The firm’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 EPS. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were paid a $0.63 dividend. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.12%.

Analysts Set New Price Targets

Several analysts have weighed in on CHRW shares. Deutsche Bank Aktiengesellschaft boosted their price objective on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Sanford C. Bernstein upped their price target on shares of C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a “market perform” rating in a report on Friday, January 9th. Truist Financial increased their price target on shares of C.H. Robinson Worldwide from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a report on Friday, January 9th. Finally, Bank of America upped their price objective on shares of C.H. Robinson Worldwide from $167.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, December 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $163.65.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in C.H. Robinson Worldwide by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock valued at $82,352,000 after acquiring an additional 24,788 shares in the last quarter. United Services Automobile Association purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $259,000. Empowered Funds LLC boosted its position in shares of C.H. Robinson Worldwide by 2.3% during the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock valued at $1,589,000 after purchasing an additional 350 shares in the last quarter. Woodline Partners LP grew its stake in C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after purchasing an additional 2,930 shares during the period. Finally, Focus Partners Wealth raised its holdings in C.H. Robinson Worldwide by 9.9% in the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock worth $407,000 after purchasing an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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.