C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Insider Sells $499,593.60 in Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael D. Castagnetto sold 5,016 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares in the company, valued at $3,444,765.60. This represents a 12.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

C.H. Robinson Worldwide Stock Up 0.5 %

Shares of C.H. Robinson Worldwide stock opened at $100.88 on Friday. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.15 and a beta of 0.82. The company’s 50 day moving average is $102.86 and its 200 day moving average is $104.58. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. 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 issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a net margin of 2.63% and a return on equity of 34.53%. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. National Pension Service bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC raised its position in C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after acquiring an additional 111 shares during the period. Proficio Capital Partners LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $33,000. Missouri Trust & Investment Co bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $41,000. Finally, Mainstream Capital Management LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter worth approximately $41,000. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on CHRW. JPMorgan Chase & Co. reduced their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Citigroup reduced their price target on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Benchmark restated a “buy” rating and issued a $125.00 price objective on shares of C.H. Robinson Worldwide in a report on Friday, January 31st. Stifel Nicolaus upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Friday, January 31st. Finally, The Goldman Sachs Group upped their price objective on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $117.17.

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.