C.H. Robinson Worldwide (NASDAQ:CHRW) Insider Sells $553,275.80 in Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael Castagnetto sold 2,849 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total transaction of $553,275.80. Following the transaction, the insider owned 28,149 shares of the company’s stock, valued at $5,466,535.80. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $200.59 on Friday. 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’s fifty day simple moving average is $170.77 and its 200-day simple moving average is $145.03. The firm has a market capitalization of $23.70 billion, a price-to-earnings ratio of 41.53, a PEG ratio of 2.08 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $203.34.

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

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, March 6th. This represents a $2.52 annualized dividend and a yield of 1.3%. C.H. Robinson Worldwide’s payout ratio is presently 52.17%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Horizon Investments LLC lifted its position in C.H. Robinson Worldwide by 3.1% during the 4th quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after acquiring an additional 58 shares during the period. Signaturefd LLC increased its holdings in shares of C.H. Robinson Worldwide by 3.6% in the fourth quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock valued at $273,000 after purchasing an additional 59 shares during the period. Brendel Financial Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 2.2% during the fourth quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock worth $466,000 after purchasing an additional 61 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of C.H. Robinson Worldwide by 2.8% during the third quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock worth $338,000 after purchasing an additional 69 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of C.H. Robinson Worldwide by 7.1% during the fourth quarter. Private Trust Co. NA now owns 1,099 shares of the transportation company’s stock worth $177,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Benchmark boosted their price objective on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Citigroup boosted their price target on shares of C.H. Robinson Worldwide from $177.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Robert W. Baird set a $203.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. JPMorgan Chase & Co. lifted their target price on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, Wolfe Research reissued an “outperform” rating and issued a $188.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. Sixteen 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $181.29.

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.