Insider Selling: C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Insider Sells 5,713 Shares of Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Angela K. Freeman sold 5,713 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total value of $664,079.12. Following the sale, the insider directly owned 65,728 shares of the company’s stock, valued at $7,640,222.72. This represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $120.99 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The business has a fifty day simple moving average of $100.94 and a two-hundred day simple moving average of $98.05. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $121.04. The company has a market capitalization of $14.29 billion, a P/E ratio of 27.56, a P/E/G ratio of 1.87 and a beta of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.12. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the business posted $1.15 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a $0.62 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 2.0%. C.H. Robinson Worldwide’s payout ratio is 56.49%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently made changes to their positions in the stock. Ossiam grew its position in shares of C.H. Robinson Worldwide by 62.7% in the second quarter. Ossiam now owns 18,209 shares of the transportation company’s stock valued at $1,747,000 after purchasing an additional 7,019 shares in the last quarter. Bank of Nova Scotia grew its position in shares of C.H. Robinson Worldwide by 7.8% in the second quarter. Bank of Nova Scotia now owns 16,381 shares of the transportation company’s stock valued at $1,572,000 after purchasing an additional 1,180 shares in the last quarter. Qtron Investments LLC purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $476,000. Invesco Ltd. grew its position in shares of C.H. Robinson Worldwide by 5.1% in the second quarter. Invesco Ltd. now owns 2,402,945 shares of the transportation company’s stock valued at $230,563,000 after purchasing an additional 117,222 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $4,255,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the subject of several recent analyst reports. Susquehanna reaffirmed a “positive” rating and set a $120.00 target price (up previously from $115.00) on shares of C.H. Robinson Worldwide in a research note on Tuesday, June 24th. Wells Fargo & Company raised their target price on C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Bank of America increased their price target on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Finally, Stifel Nicolaus increased their price target on C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $116.33.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.