Insider Selling: C.H. Robinson Worldwide (NASDAQ:CHRW) Insider Sells 2,390 Shares of Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael John Short sold 2,390 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $161.91, for a total transaction of $386,964.90. Following the completion of the sale, the insider owned 55,158 shares in the company, valued at $8,930,631.78. This represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock traded up $3.49 during trading on Monday, hitting $167.21. The stock had a trading volume of 1,395,692 shares, compared to its average volume of 1,226,557. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $167.90. The firm has a market cap of $19.75 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 1.77 and a beta of 0.91. The business’s 50-day moving average is $155.53 and its 200 day moving average is $130.93.

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

C.H. Robinson Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a $0.63 dividend. This is an increase 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 1.5%. The ex-dividend date of this dividend is Friday, December 5th. C.H. Robinson Worldwide’s payout ratio is 51.12%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CHRW. UBS Group increased their price target on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Susquehanna set a $165.00 target price on C.H. Robinson Worldwide and gave the company a “positive” rating in a research note on Wednesday, September 24th. Citigroup downgraded C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and raised their price target for the company from $134.00 to $148.00 in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their price objective on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, TD Cowen raised their price objective on C.H. Robinson Worldwide from $115.00 to $138.00 and gave the company a “hold” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $149.48.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its position in C.H. Robinson Worldwide by 2.8% in the third quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock valued at $338,000 after purchasing an additional 69 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of C.H. Robinson Worldwide by 16.7% during the third quarter. UMB Bank n.a. now owns 656 shares of the transportation company’s stock worth $87,000 after purchasing an additional 94 shares during the period. Elevation Point Wealth Partners LLC raised its position in C.H. Robinson Worldwide by 2.4% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 4,039 shares of the transportation company’s stock valued at $537,000 after purchasing an additional 95 shares during the last quarter. State of Michigan Retirement System raised its position in C.H. Robinson Worldwide by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 32,292 shares of the transportation company’s stock valued at $3,098,000 after purchasing an additional 100 shares during the last quarter. Finally, Empirical Asset Management LLC lifted its holdings in C.H. Robinson Worldwide by 1.8% in the 3rd quarter. Empirical Asset Management LLC now owns 5,760 shares of the transportation company’s stock worth $763,000 after buying an additional 102 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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.