C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Berger Financial Group Inc

Key Points

• Berger Financial Group Inc reduced its stake in C.H. Robinson Worldwide by 26.3%, selling 57,137 shares and holding 159,769 shares post-sale, which now represents 1.1% of its investment portfolio.
• Insider transactions included Angela K. Freeman and Michael John Short selling 5,700 and 6,364 shares respectively, indicating a decrease in their ownership of the stock.
• Analysts have mixed sentiments on C.H. Robinson Worldwide, with a consensus average rating of "Moderate Buy" and an average target price of $116.33.

Berger Financial Group Inc lowered its position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 26.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 159,769 shares of the transportation company's stock after selling 57,137 shares during the period. C.H. Robinson Worldwide comprises approximately 1.1% of Berger Financial Group Inc's holdings, making the stock its 16th largest position. Berger Financial Group Inc owned 0.13% of C.H. Robinson Worldwide worth $16,360,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CHRW. North Capital Inc. purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth $25,000. NBC Securities Inc. purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth $27,000. First Financial Corp IN purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth $31,000. AdvisorNet Financial Inc lifted its stake in C.H. Robinson Worldwide by 252.1% in the 1st quarter. AdvisorNet Financial Inc now owns 419 shares of the transportation company's stock worth $43,000 after purchasing an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in C.H. Robinson Worldwide by 31.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 482 shares of the transportation company's stock worth $49,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 93.15% of the company's stock.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,364 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the sale, the insider directly owned 60,401 shares in the company, valued at $7,081,413.24. This represents a 9.53% 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. Also, insider Angela K. Freeman sold 5,700 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $97.42, for a total transaction of $555,294.00. Following the completion of the sale, the insider owned 71,441 shares in the company, valued at $6,959,782.22. This represents a 7.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Barclays reissued an "underweight" rating and issued a $95.00 price objective (up from $90.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Stifel Nicolaus upped their target price on shares of C.H. Robinson Worldwide from $108.00 to $111.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. TD Securities upped their target price on shares of C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, Evercore ISI dropped their price objective on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $116.33.

C.H. Robinson Worldwide Price Performance

CHRW stock traded down $0.54 during trading on Monday, reaching $116.24. 1,104,548 shares of the company were exchanged, compared to its average volume of 1,534,669. The company has a market cap of $13.73 billion, a P/E ratio of 26.48, a PEG ratio of 1.84 and a beta of 0.86. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $119.20. The stock's 50 day moving average price is $99.99 and its 200 day moving average price is $97.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The firm's revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 earnings per share. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a $0.62 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.48 annualized dividend and a dividend yield of 2.1%. C.H. Robinson Worldwide's dividend payout ratio is currently 56.49%.

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.