Angela Freeman Sells 49,884 Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Angela Freeman sold 49,884 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the sale, the insider owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. This represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

C.H. Robinson Worldwide Trading Up 1.5%

Shares of C.H. Robinson Worldwide stock traded up $2.28 during trading hours on Monday, hitting $151.72. The company’s stock had a trading volume of 1,081,436 shares, compared to its average volume of 1,432,473. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $17.92 billion, a PE ratio of 30.77, a P/E/G ratio of 1.79 and a beta of 0.88. The business has a fifty day moving average of $133.38 and a 200 day moving average of $112.93. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.68 and a 1-year high of $158.70.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.32% and a net margin of 3.64%.The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the prior year, the firm earned $1.28 EPS. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.7%. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, December 5th. C.H. Robinson Worldwide’s payout ratio is 51.12%.

Institutional Trading of C.H. Robinson Worldwide

Several large investors have recently added to or reduced their stakes in the business. Waratah Capital Advisors Ltd. acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $3,643,000. Mufg Securities Americas Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 21.1% during the third quarter. Mufg Securities Americas Inc. now owns 3,185 shares of the transportation company’s stock valued at $422,000 after purchasing an additional 554 shares during the last quarter. Compound Planning Inc. boosted its position in shares of C.H. Robinson Worldwide by 14.6% in the 3rd quarter. Compound Planning Inc. now owns 4,166 shares of the transportation company’s stock valued at $552,000 after purchasing an additional 532 shares during the period. Clearstead Advisors LLC increased its stake in C.H. Robinson Worldwide by 110.3% in the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Finally, Zevin Asset Management LLC acquired a new stake in C.H. Robinson Worldwide during the 3rd quarter worth about $272,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Cowen reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. The Goldman Sachs Group boosted their target price on shares of C.H. Robinson Worldwide from $117.00 to $131.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. BMO Capital Markets restated a “market perform” rating and issued a $140.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Stifel Nicolaus lifted their price target on shares of C.H. Robinson Worldwide from $111.00 to $144.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Robert W. Baird upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

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.