C.H. Robinson Worldwide (NASDAQ:CHRW) Insider Michael John Short Sells 6,368 Shares

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael John Short sold 6,368 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the sale, the insider directly owned 52,101 shares in the company, valued at $10,487,931.30. This trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, January 15th, Michael John Short sold 1,230 shares of C.H. Robinson Worldwide stock. The stock was sold at an average price of $175.00, for a total value of $215,250.00.
• 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 Stock Down 0.1%

Shares of CHRW stock opened at $196.33 on Thursday. The stock’s 50-day simple moving average is $173.04 and its 200-day simple moving average is $147.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.59 and a current ratio of 1.53. The firm has a market capitalization of $23.19 billion, a PE ratio of 40.65, a P/E/G ratio of 2.07 and a beta of 0.90. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $84.68 and a fifty-two week high of $203.34.

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

C.H. Robinson Worldwide Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wolfe Research reissued an “outperform” rating and set a $188.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. Stephens set a $173.00 price objective on C.H. Robinson Worldwide in a research note on Thursday, October 30th. Benchmark boosted their price objective on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. raised their target price on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Finally, Weiss Ratings raised C.H. Robinson Worldwide from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Sixteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $181.29.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of large investors have recently bought and sold shares of CHRW. Wellington Management Group LLP boosted its position in C.H. Robinson Worldwide by 198.6% during the third quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock worth $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. Norges Bank purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at approximately $236,665,000. Boston Partners lifted its position in shares of C.H. Robinson Worldwide by 53.0% during 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 in the last quarter. Capital World Investors acquired a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $165,976,000. Finally, Bank of New York Mellon Corp increased its holdings in C.H. Robinson Worldwide by 78.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company’s stock worth $193,219,000 after acquiring an additional 884,160 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

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.