C.H. Robinson Worldwide (NASDAQ:CHRW) Shares Down 10.2% Following Insider Selling

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) fell 10.2% on Thursday following insider selling activity. The company traded as low as $172.43 and last traded at $176.2880. 1,585,291 shares traded hands during trading, a decline of 25% from the average session volume of 2,106,658 shares. The stock had previously closed at $196.33.

Specifically, insider Michael John Short sold 6,368 shares of the business’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 sale, the insider directly owned 52,101 shares of the company’s stock, valued at $10,487,931.30. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Angela K. Freeman sold 8,579 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $200.52, for a total value of $1,720,261.08. Following the sale, the insider owned 55,611 shares in the company, valued at approximately $11,151,117.72. The trade was a 13.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Susquehanna lifted their target price on shares of C.H. Robinson Worldwide from $210.00 to $220.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Loop Capital set a $206.00 target price on shares of C.H. Robinson Worldwide in a research note on Monday, February 2nd. Morgan Stanley raised their target price on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock an “underweight” rating in a research report on Thursday, January 29th. BMO Capital Markets reissued a “market perform” rating and issued a $180.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Finally, Citigroup lifted their target price on C.H. Robinson Worldwide from $177.00 to $202.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Sixteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.29.

C.H. Robinson Worldwide Stock Down 16.3%

The business has a 50-day simple moving average of $173.04 and a two-hundred day simple moving average of $147.36. The company has a market cap of $19.42 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 2.07 and a beta of 0.90. The company has a quick ratio of 1.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.59.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s payout ratio is presently 52.17%.

Institutional Trading of C.H. Robinson Worldwide

Several large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company’s stock worth $82,352,000 after acquiring an additional 24,788 shares during the period. United Services Automobile Association acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at about $259,000. Empowered Funds LLC increased its stake in shares of C.H. Robinson Worldwide by 2.3% in the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company’s stock worth $1,589,000 after purchasing an additional 350 shares during the period. Woodline Partners LP lifted its position in shares of C.H. Robinson Worldwide by 41.3% during the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company’s stock worth $1,027,000 after purchasing an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in C.H. Robinson Worldwide by 9.9% during the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 359 shares during the period. 93.15% of the stock is owned by institutional investors.

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.