Angela K. Freeman Sells 5,700 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Angela K. Freeman sold 5,700 shares of the company’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider now owns 71,441 shares in the company, valued at $6,959,782.22. This represents a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

C.H. Robinson Worldwide Stock Up 1.5%

C.H. Robinson Worldwide stock opened at $100.28 on Monday. C.H. Robinson Worldwide, Inc. has a twelve month low of $81.39 and a twelve month high of $114.82. The firm has a 50 day moving average price of $94.15 and a 200-day moving average price of $100.62. The company has a market capitalization of $11.91 billion, a P/E ratio of 26.05, a P/E/G ratio of 1.16 and a beta of 0.92. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.15. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm earned $0.86 EPS. The company’s revenue was down 8.3% compared to the same quarter last year. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 6th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.47%. The ex-dividend date is Friday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 59.33%.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of C.H. Robinson Worldwide in a report on Friday, March 7th. They issued a “buy” rating and a $129.00 target price on the stock. Raymond James lowered their target price on shares of C.H. Robinson Worldwide from $118.00 to $111.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Susquehanna decreased their price objective on shares of C.H. Robinson Worldwide from $117.00 to $115.00 and set a “positive” rating for the company in a research note on Thursday, May 1st. Bank of America increased their price objective on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a “buy” rating in a research note on Friday. Finally, Benchmark reiterated a “buy” rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average target price of $114.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CHRW. Van ECK Associates Corp boosted its holdings in C.H. Robinson Worldwide by 92,841.1% in the 4th quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company’s stock worth $310,742,000 after buying an additional 3,004,338 shares during the period. Boston Partners bought a new position in C.H. Robinson Worldwide in the 1st quarter worth approximately $234,304,000. Norges Bank bought a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $134,833,000. Raymond James Financial Inc. bought a new position in C.H. Robinson Worldwide in the 4th quarter worth approximately $102,174,000. Finally, First Trust Advisors LP boosted its holdings in C.H. Robinson Worldwide by 163.6% in the 4th quarter. First Trust Advisors LP now owns 1,206,207 shares of the transportation company’s stock worth $124,625,000 after buying an additional 748,661 shares during the period. 93.15% of the stock is owned by 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.