C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Insider Michael D. Castagnetto Sells 2,032 Shares

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total value of $210,941.92. Following the transaction, the insider now owns 34,469 shares of the company’s stock, valued at $3,578,226.89. This represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

C.H. Robinson Worldwide Stock Up 1.6 %

NASDAQ CHRW opened at $104.44 on Friday. The business has a fifty day moving average price of $106.91 and a two-hundred day moving average price of $101.51. The stock has a market capitalization of $12.35 billion, a PE ratio of 36.14, a PEG ratio of 1.25 and a beta of 0.83. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $114.82. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the company earned $0.84 EPS. C.H. Robinson Worldwide’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts expect that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 85.81%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. grew its stake in shares of C.H. Robinson Worldwide by 0.9% during the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock worth $1,230,000 after buying an additional 98 shares during the last quarter. Venturi Wealth Management LLC grew its position in C.H. Robinson Worldwide by 83.5% during the 3rd 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 last quarter. Central Pacific Bank Trust Division grew its position in C.H. Robinson Worldwide by 13.6% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock worth $110,000 after acquiring an additional 120 shares during the last quarter. SkyView Investment Advisors LLC increased its holdings in C.H. Robinson Worldwide by 2.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after purchasing an additional 144 shares in the last quarter. Finally, Quarry LP raised its position in C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CHRW shares. Robert W. Baird lifted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Evercore ISI lifted their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. UBS Group raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $140.00 in a report on Friday, October 4th. Susquehanna upgraded C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $115.00 to $130.00 in a report on Friday. Finally, TD Cowen increased their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Hold” and an average price target of $113.81.

About C.H. Robinson Worldwide

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.