C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Insider Sells $664,079.12 in Stock

Key Points

• Insider Angela K. Freeman sold 5,713 shares of C.H. Robinson Worldwide on August 11th for approximately $664,079, reducing her position by 8% to 65,728 shares.
• C.H. Robinson's stock is currently trading at $120.99, with a 1-year range between $84.68 and $121.04, and recent trading volume exceeding its averages.
• The company recently declared a quarterly dividend of $0.62, representing an annual yield of 2.0%, as part of a payout ratio of 56.49%.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) insider Angela K. Freeman sold 5,713 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $116.24, for a total value of $664,079.12. Following the completion of the transaction, the insider owned 65,728 shares of the company's stock, valued at $7,640,222.72. The trade was a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

C.H. Robinson Worldwide Stock Down 0.2%

NASDAQ CHRW traded down $0.28 during mid-day trading on Friday, reaching $121.24. The stock had a trading volume of 1,304,639 shares, compared to its average volume of 1,623,634. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $122.05. The stock has a market cap of $14.32 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.86. The company has a fifty day moving average price of $101.97 and a 200 day moving average price of $98.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.12. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.16 billion. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The company's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 EPS. On average, research analysts expect that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio is 56.49%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of C.H. Robinson Worldwide by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 14,642,930 shares of the transportation company's stock valued at $1,404,989,000 after purchasing an additional 56,549 shares during the last quarter. State Street Corp lifted its holdings in shares of C.H. Robinson Worldwide by 5.7% in the 2nd quarter. State Street Corp now owns 7,420,768 shares of the transportation company's stock valued at $716,423,000 after acquiring an additional 397,177 shares during the last quarter. Boston Partners lifted its holdings in shares of C.H. Robinson Worldwide by 53.0% in the 2nd quarter. Boston Partners now owns 3,518,118 shares of the transportation company's stock valued at $340,646,000 after acquiring an additional 1,218,968 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of C.H. Robinson Worldwide by 5.1% in the 2nd quarter. Invesco Ltd. now owns 2,402,945 shares of the transportation company's stock valued at $230,563,000 after acquiring an additional 117,222 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of C.H. Robinson Worldwide by 78.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,745 shares of the transportation company's stock valued at $193,219,000 after acquiring an additional 884,160 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the topic of several recent research reports. TD Securities raised their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Susquehanna restated a "positive" rating and set a $120.00 target price (up previously from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. UBS Group reaffirmed a "buy" rating and set a $133.00 price target (up previously from $129.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, July 31st. Wolfe Research raised C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price on the stock in a research report on Tuesday, July 1st. Finally, Raymond James Financial set a $111.00 price target on C.H. Robinson Worldwide and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen 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 a consensus rating of "Moderate Buy" and a consensus target price of $116.33.

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.