C.H. Robinson Worldwide (NASDAQ:CHRW) Insider Sells $6,866,852.20 in Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael Castagnetto sold 45,266 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $151.70, for a total transaction of $6,866,852.20. Following the transaction, the insider directly owned 34,046 shares in the company, valued at approximately $5,164,778.20. This represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

C.H. Robinson Worldwide Stock Up 0.8%

Shares of CHRW opened at $149.44 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $158.70. The firm’s 50 day moving average is $133.38 and its 200-day moving average is $112.61. The stock has a market capitalization of $17.65 billion, a PE ratio of 30.31, a P/E/G ratio of 1.79 and a beta of 0.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.26 billion. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 earnings per share. Equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, December 5th. This is a positive change 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 1.7%. C.H. Robinson Worldwide’s dividend payout ratio is currently 50.30%.

Analysts Set New Price Targets

Several equities analysts have recently commented on CHRW shares. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $115.00 to $138.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Bank of America boosted their price objective on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Baird R W upgraded C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price target on C.H. Robinson Worldwide from $124.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Finally, Susquehanna set a $165.00 price objective on C.H. Robinson Worldwide and gave the stock a “positive” rating in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide during the 2nd quarter worth $30,000. WPG Advisers LLC acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter valued at about $32,000. Arlington Trust Co LLC bought a new stake in shares of C.H. Robinson Worldwide during the third quarter worth about $34,000. MUFG Securities EMEA plc bought a new stake in shares of C.H. Robinson Worldwide during the second quarter worth about $34,000. Finally, Quent Capital LLC acquired a new position in shares of C.H. Robinson Worldwide in the third quarter valued at approximately $37,000. 93.15% of the stock is currently owned by institutional investors.

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.