Michael John Short Sells 6,364 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock

Key Points

• Michael John Short, an insider at C.H. Robinson Worldwide, sold 6,364 shares at an average price of $117.24, resulting in a total transaction of approximately $746,115.
• C.H. Robinson Worldwide recently announced a quarterly dividend of $0.62 per share, which will be paid on October 2nd, representing an annualized dividend yield of 2.1%.
• The company's stock has seen a price fluctuation recently, with a 1-year high of $119.20 and a low of $84.68.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) insider Michael John Short sold 6,364 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total transaction of $746,115.36. Following the completion of the transaction, the insider owned 60,401 shares of the company's stock, valued at $7,081,413.24. This represents a 9.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

C.H. Robinson Worldwide Stock Up 1.2%

C.H. Robinson Worldwide stock traded up $1.42 during midday trading on Wednesday, hitting $120.19. 277,208 shares of the stock were exchanged, compared to its average volume of 1,323,152. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $120.48. The firm has a market cap of $14.19 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.83 and a beta of 0.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. The company has a 50 day moving average price of $100.44 and a two-hundred day moving average price of $97.89.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the firm posted $1.15 EPS. The firm's quarterly revenue was down 7.7% on a year-over-year basis. On average, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 5th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 56.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Bank of America upped their target price on shares of C.H. Robinson Worldwide from $106.00 to $117.00 and gave the company a "buy" rating in a report on Friday, May 16th. Barclays reaffirmed an "underweight" rating and issued a $95.00 target price (up from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Baird R W raised shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Susquehanna reissued a "positive" rating and set a $120.00 price target (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. Finally, Wells Fargo & Company increased their price target on shares of C.H. Robinson Worldwide from $125.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $116.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CHRW. North Capital Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $25,000. NBC Securities Inc. acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $27,000. First Financial Corp IN acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $31,000. WPG Advisers LLC acquired a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $32,000. Finally, FNY Investment Advisers LLC acquired a new position in C.H. Robinson Worldwide during the 2nd quarter valued at about $38,000. 93.15% of the stock is owned by institutional investors and hedge funds.

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.