C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Insider Sells $210,941.92 in Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the sale, the insider now directly owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

C.H. Robinson Worldwide Price Performance

C.H. Robinson Worldwide stock opened at $104.44 on Monday. The business’s 50 day simple moving average is $106.91 and its 200 day simple moving average is $101.62. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 1.25 and a beta of 0.83. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Sell-side analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $0.62 dividend. The ex-dividend date was Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.37%. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Analysts Set New Price Targets

CHRW has been the subject of several research reports. Barclays lifted their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research report on Wednesday, November 13th. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $118.00 to $130.00 in a report on Monday, December 9th. Robert W. Baird upped their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Susquehanna upgraded C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and lifted their price target for the company from $115.00 to $130.00 in a research note on Friday. Finally, BMO Capital Markets increased their price objective on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $113.81.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. raised its holdings in C.H. Robinson Worldwide by 7.1% during the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after acquiring an additional 443 shares during the period. Chesapeake Capital Corp IL purchased a new position in shares of C.H. Robinson Worldwide in the third quarter valued at $835,000. JPMorgan Chase & Co. raised its stake in shares of C.H. Robinson Worldwide by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock valued at $155,830,000 after purchasing an additional 36,769 shares during the period. Franklin Resources Inc. lifted its holdings in C.H. Robinson Worldwide by 59.6% during the 3rd quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock worth $8,074,000 after purchasing an additional 27,370 shares in the last quarter. Finally, abrdn plc boosted its stake in C.H. Robinson Worldwide by 2.6% in the 3rd quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock worth $55,818,000 after purchasing an additional 12,992 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, 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.