Insider Selling: C.H. Robinson Worldwide (NASDAQ:CHRW) Insider Sells 6,368 Shares of Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael John Short sold 6,368 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the sale, the insider directly owned 52,101 shares in the company, valued at $10,487,931.30. This trade represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 15th, Michael John Short sold 1,230 shares of C.H. Robinson Worldwide stock. The shares were sold at an average price of $175.00, for a total value of $215,250.00.
• 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 value of $386,964.90.

C.H. Robinson Worldwide Trading Down 0.1%

Shares of CHRW stock traded down $0.28 on Wednesday, reaching $196.33. 1,726,368 shares of the company’s stock were exchanged, compared to its average volume of 2,176,806. The company’s fifty day simple moving average is $172.31 and its 200 day simple moving average is $147.01. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $203.34. 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 stock has a market capitalization of $23.19 billion, a PE ratio of 40.65, a P/E/G ratio of 2.11 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating 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 the consensus estimate of $3.97 billion. During the same quarter in the prior year, the company posted $1.21 EPS. C.H. Robinson Worldwide’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 52.17%.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC bought a new position in shares of C.H. Robinson Worldwide in the 3rd quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide in the second quarter valued at about $30,000. Clearstead Advisors LLC raised its holdings in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $34,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of research analyst reports. Robert W. Baird set a $203.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. JPMorgan Chase & Co. boosted their price target on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $200.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 29th. Susquehanna lifted their target price on C.H. Robinson Worldwide from $210.00 to $220.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Finally, Loop Capital set a $206.00 price target on C.H. Robinson Worldwide in a research report on Monday, February 2nd. Sixteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $181.29.

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.