Michael John Short Sells 1,230 Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael John Short sold 1,230 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $175.00, for a total value of $215,250.00. Following the completion of the sale, the insider owned 53,928 shares of the company’s stock, valued at $9,437,400. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 0.4%

Shares of CHRW stock traded down $0.67 on Tuesday, hitting $175.10. The company had a trading volume of 1,784,140 shares, compared to its average volume of 1,811,270. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $178.13. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $20.69 billion, a P/E ratio of 35.52, a P/E/G ratio of 1.91 and a beta of 0.91. The stock’s 50-day moving average is $161.14 and its two-hundred day moving average is $136.81.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. On average, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were paid a dividend of $0.63 per share. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, December 5th. C.H. Robinson Worldwide’s payout ratio is 51.12%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System lifted its position in C.H. Robinson Worldwide by 12.8% in the 2nd quarter. New York State Teachers Retirement System now owns 100,735 shares of the transportation company’s stock valued at $9,666,000 after acquiring an additional 11,443 shares in the last quarter. Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide in the second quarter worth approximately $118,976,000. Brighton Jones LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $1,335,000. Oak Thistle LLC bought a new stake in C.H. Robinson Worldwide during the third quarter worth $999,000. Finally, Generali Asset Management SPA SGR grew its stake in shares of C.H. Robinson Worldwide by 1,393.0% in the 3rd quarter. Generali Asset Management SPA SGR now owns 17,528 shares of the transportation company’s stock worth $2,321,000 after acquiring an additional 16,354 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CHRW shares. BMO Capital Markets reissued a “market perform” rating and issued a $140.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Robert W. Baird set a $175.00 target price on C.H. Robinson Worldwide in a report on Wednesday, January 7th. Evercore ISI increased their price target on C.H. Robinson Worldwide from $175.00 to $196.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Citigroup raised their price objective on shares of C.H. Robinson Worldwide from $163.00 to $177.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Finally, Wells Fargo & Company lifted their price objective on shares of C.H. Robinson Worldwide from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.65.

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.