Michael John Short Sells 6,368 Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael John Short sold 6,368 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the transaction, the insider directly owned 52,101 shares of the company’s stock, valued at $10,487,931.30. This represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, January 15th, Michael John Short sold 1,230 shares of C.H. Robinson Worldwide stock. The shares were sold at an average price of $175.00, for a total value of $215,250.00.
• 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 Price Performance

Shares of NASDAQ CHRW traded down $0.28 during mid-day trading on Wednesday, reaching $196.33. The company’s stock had a trading volume of 1,726,368 shares, compared to its average volume of 2,176,806. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.59. C.H. Robinson Worldwide, Inc. has a 52 week low of $84.68 and a 52 week high of $203.34. The stock has a fifty day moving average of $172.31 and a two-hundred day moving average of $147.01. The firm has a market capitalization of $23.19 billion, a PE ratio of 40.65, a P/E/G ratio of 2.11 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the company earned $1.21 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is 52.17%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors have recently modified their holdings of the stock. Vestcor Inc increased its position in shares of C.H. Robinson Worldwide by 0.8% during the 4th quarter. Vestcor Inc now owns 6,403 shares of the transportation company’s stock valued at $1,029,000 after purchasing an additional 51 shares during the last quarter. Horizon Investments LLC lifted its position in C.H. Robinson Worldwide by 3.1% in the fourth quarter. Horizon Investments LLC now owns 1,950 shares of the transportation company’s stock worth $313,000 after buying an additional 58 shares during the last quarter. Signaturefd LLC boosted its stake in C.H. Robinson Worldwide by 3.6% during the fourth quarter. Signaturefd LLC now owns 1,700 shares of the transportation company’s stock worth $273,000 after buying an additional 59 shares during the period. Brendel Financial Advisors LLC increased its position in C.H. Robinson Worldwide by 2.2% during the fourth quarter. Brendel Financial Advisors LLC now owns 2,896 shares of the transportation company’s stock valued at $466,000 after acquiring an additional 61 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in C.H. Robinson Worldwide by 2.8% during the third quarter. Jones Financial Companies Lllp now owns 2,563 shares of the transportation company’s stock valued at $338,000 after acquiring an additional 69 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CHRW. Truist Financial increased their price objective on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Barclays upgraded C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $145.00 to $200.00 in a research report on Tuesday, December 16th. Sanford C. Bernstein raised their price target on C.H. Robinson Worldwide from $135.00 to $153.00 and gave the company a “market perform” rating in a report on Friday, January 9th. Wolfe Research reaffirmed an “outperform” rating and set a $188.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, January 8th. Finally, Susquehanna increased their target price on C.H. Robinson Worldwide from $210.00 to $220.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Sixteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Moderate Buy” and a consensus target price of $181.29.

C.H. Robinson Worldwide Company Profile

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.