C.H. Robinson Worldwide (NASDAQ:CHRW) Insider Michael John Short Sells 2,390 Shares

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael John Short sold 2,390 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $161.91, for a total value of $386,964.90. Following the completion of the transaction, the insider directly owned 55,158 shares of the company’s stock, valued at approximately $8,930,631.78. The trade was a 4.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

C.H. Robinson Worldwide Trading Up 2.1%

Shares of CHRW stock traded up $3.49 during mid-day trading on Monday, reaching $167.21. 1,395,692 shares of the stock traded hands, compared to its average volume of 1,226,557. The stock’s fifty day simple moving average is $155.53 and its two-hundred day simple moving average is $130.93. The company has a market cap of $19.75 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $167.90. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.64.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the company earned $1.28 EPS. C.H. Robinson Worldwide’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal 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 $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, December 5th. C.H. Robinson Worldwide’s payout ratio is 51.12%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new stake in C.H. Robinson Worldwide during the 2nd quarter worth about $30,000. Clearstead Advisors LLC boosted its stake in C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares during the period. Arlington Trust Co LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in C.H. Robinson Worldwide during the 3rd quarter valued at about $34,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CHRW shares. The Goldman Sachs Group increased their price objective on C.H. Robinson Worldwide from $117.00 to $131.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Susquehanna set a $165.00 target price on shares of C.H. Robinson Worldwide and gave the company a “positive” rating in a report on Wednesday, September 24th. Benchmark restated a “buy” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, October 30th. Bank of America lifted their price target on C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, December 24th. Finally, UBS Group upped their price objective on C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Moderate Buy” and an average price target of $149.48.

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.