C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Down 10.2% on Insider Selling

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)’s stock price traded down 10.2% during trading on Thursday following insider selling activity. The company traded as low as $172.43 and last traded at $176.2880. 1,585,291 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 2,106,658 shares. The stock had previously closed at $196.33.

Specifically, insider Michael John Short sold 6,368 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $201.30, for a total value of $1,281,878.40. Following the completion of the sale, the insider directly owned 52,101 shares of the company’s stock, valued at approximately $10,487,931.30. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela K. Freeman sold 8,579 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $200.52, for a total transaction of $1,720,261.08. Following the transaction, the insider directly owned 55,611 shares in the company, valued at $11,151,117.72. This trade represents a 13.37% decrease in their position. The disclosure for this sale is available in the SEC filing.

Wall Street Analyst Weigh In

Several analysts have issued reports on CHRW shares. Truist Financial raised their price target on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Benchmark upped their target price on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Stifel Nicolaus raised their target price on C.H. Robinson Worldwide from $184.00 to $202.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Robert W. Baird set a $203.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Finally, Susquehanna raised their price objective on shares of C.H. Robinson Worldwide from $210.00 to $220.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.29.

C.H. Robinson Worldwide Stock Down 16.3%

The firm has a fifty day moving average price of $173.04 and a 200 day moving average price of $147.36. The company has a current ratio of 1.53, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $19.42 billion, a price-to-earnings ratio of 36.50, a P/E/G ratio of 2.07 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is currently 52.17%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CHRW. Transcend Capital Advisors LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth $460,000. New York State Teachers Retirement System boosted its stake in shares of C.H. Robinson Worldwide by 12.8% during the second quarter. New York State Teachers Retirement System now owns 100,735 shares of the transportation company’s stock valued at $9,666,000 after purchasing an additional 11,443 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in C.H. Robinson Worldwide by 8,726.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 17,652 shares of the transportation company’s stock worth $2,341,000 after buying an additional 17,452 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in C.H. Robinson Worldwide by 91.8% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,774 shares of the transportation company’s stock worth $1,559,000 after acquiring an additional 5,634 shares during the last quarter. Finally, Norges Bank acquired a new position in C.H. Robinson Worldwide in the 2nd quarter valued at approximately $118,976,000. Institutional investors own 93.15% of the company’s stock.

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.