Insider Selling: C.H. Robinson Worldwide (NASDAQ:CHRW) Insider Sells $215,250.00 in Stock

by · The Cerbat Gem

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Free Report) insider Michael John Short sold 1,230 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $175.00, for a total value of $215,250.00. Following the sale, the insider directly owned 53,928 shares of the company’s stock, valued at approximately $9,437,400. This represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael John Short also recently made the following trade(s):

  • On Wednesday, December 31st, Michael John Short sold 2,390 shares of C.H. Robinson Worldwide stock. The shares were sold at an average price of $161.91, for a total value of $386,964.90.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW stock traded down $0.67 on Tuesday, hitting $175.10. 1,784,140 shares of the stock were exchanged, compared to its average volume of 1,811,270. The firm’s 50 day moving average is $161.14 and its two-hundred day moving average is $136.81. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $178.13. The firm has a market capitalization of $20.69 billion, a PE ratio of 35.52, a P/E/G ratio of 1.91 and a beta of 0.91. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.64.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last released its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 EPS for the quarter, beating the consensus estimate 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 net margin of 3.64% and a return on equity of 34.77%. The company’s revenue was down 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were issued a $0.63 dividend. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s payout ratio is 51.12%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Hedge funds have recently bought and sold shares of the stock. Park Capital Management LLC WI bought a new position in shares of C.H. Robinson Worldwide in the 4th quarter worth $945,000. Signaturefd LLC grew its position in C.H. Robinson Worldwide by 3.6% in the fourth quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after acquiring an additional 59 shares in the last quarter. Philip James Wealth Mangement LLC grew its position in C.H. Robinson Worldwide by 7.8% in the fourth quarter. Philip James Wealth Mangement LLC now owns 3,142 shares of the transportation company’s stock worth $505,000 after acquiring an additional 227 shares in the last quarter. Perigon Wealth Management LLC bought a new position in C.H. Robinson Worldwide in the fourth quarter valued at $202,000. Finally, Tema Etfs LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $197,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Weiss Ratings lowered C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Morgan Stanley raised their target price on C.H. Robinson Worldwide from $77.00 to $85.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. Raymond James Financial upped their price target on C.H. Robinson Worldwide from $158.00 to $161.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, Stifel Nicolaus raised their price objective on shares of C.H. Robinson Worldwide from $155.00 to $184.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.65.

Get Our Latest Stock Report on CHRW

About C.H. Robinson Worldwide

(Get Free Report)

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.

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