C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Insider Michael D. Castagnetto Sells 5,016 Shares

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael D. Castagnetto sold 5,016 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.60, for a total value of $499,593.60. Following the transaction, the insider now owns 34,586 shares in the company, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

C.H. Robinson Worldwide Stock Up 0.5 %

Shares of C.H. Robinson Worldwide stock opened at $100.88 on Friday. The firm has a market cap of $11.98 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 1.16 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49. C.H. Robinson Worldwide, Inc. has a 52-week low of $65.00 and a 52-week high of $114.82. The stock has a 50-day simple moving average of $102.86 and a 200-day simple moving average of $104.62.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 7th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 annualized dividend and a yield of 2.46%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 64.42%.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of recent research reports. Raymond James cut their target price on C.H. Robinson Worldwide from $123.00 to $118.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Bank of America cut their target price on C.H. Robinson Worldwide from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Citigroup cut their target price on C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Susquehanna cut their target price on C.H. Robinson Worldwide from $130.00 to $127.00 and set a “positive” rating on the stock in a research note on Thursday, January 30th. Finally, Robert W. Baird raised their target price on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $117.17.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC acquired a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $810,000. D.A. Davidson & CO. increased its position in C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after buying an additional 443 shares during the period. Chesapeake Capital Corp IL bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $835,000. Northstar Advisory Group LLC bought a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $587,000. Finally, JPMorgan Chase & Co. increased its position in C.H. Robinson Worldwide by 2.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after buying an additional 36,769 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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.