C.H. Robinson Worldwide (NASDAQ:CHRW) Insider Angela Freeman Sells 8,579 Shares

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Angela Freeman sold 8,579 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $200.52, for a total value of $1,720,261.08. Following the completion of the sale, the insider owned 55,611 shares in the company, valued at $11,151,117.72. This represents a 13.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

C.H. Robinson Worldwide Stock Performance

Shares of C.H. Robinson Worldwide stock opened at $196.33 on Thursday. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.59. The business has a 50-day moving average of $173.04 and a 200 day moving average of $147.36. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business 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 company earned $1.21 earnings per share. The business’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given 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 Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in CHRW. Wellington Management Group LLP boosted its holdings in C.H. Robinson Worldwide by 198.6% in the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. Norges Bank acquired a new position in shares of C.H. Robinson Worldwide in the 4th quarter valued at $236,665,000. Boston Partners grew its position in shares of C.H. Robinson Worldwide by 53.0% in the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company’s stock valued at $340,646,000 after buying an additional 1,218,968 shares during the last quarter. Capital World Investors acquired a new stake in C.H. Robinson Worldwide during the 4th quarter worth $165,976,000. Finally, Bank of New York Mellon Corp lifted its position 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 acquiring an additional 884,160 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CHRW shares. Wells Fargo & Company increased their price objective on C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Robert W. Baird set a $203.00 price target on C.H. Robinson Worldwide in a research report on Thursday, January 29th. Morgan Stanley lifted their price objective on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Thursday, January 29th. Bank of America upped their target price on shares of C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, December 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of C.H. Robinson Worldwide from $166.00 to $178.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has a consensus rating of “Moderate Buy” and an average target price 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.