Insider Selling: C.H. Robinson Worldwide (NASDAQ:CHRW) Insider Sells $304,350.00 in Stock

Key Points

• Insider Selling: Arun Rajan, an insider of C.H. Robinson Worldwide, sold 2,500 shares at an average price of $121.74, totaling $304,350, resulting in a 1.88% decrease in their stake.
• Quarterly Earnings Report: The company reported earnings per share of $1.29 for the last quarter, exceeding analysts' expectations, despite a decline in revenue by 7.7% year-over-year.
• Dividend Announcement: C.H. Robinson Worldwide declared a quarterly dividend of $0.62, with a dividend yield of 2.0%, scheduled for payment on October 2nd to shareholders of record from September 5th.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) insider Arun Rajan sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $121.74, for a total transaction of $304,350.00. Following the completion of the transaction, the insider directly owned 130,591 shares in the company, valued at approximately $15,898,148.34. The trade was a 1.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded up $0.85 on Tuesday, reaching $123.82. The company's stock had a trading volume of 1,246,948 shares, compared to its average volume of 1,331,788. 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 stock has a market capitalization of $14.62 billion, a P/E ratio of 28.21, a PEG ratio of 1.91 and a beta of 0.86. The stock's 50 day simple moving average is $102.51 and its two-hundred day simple moving average is $98.29. C.H. Robinson Worldwide, Inc. has a 12-month low of $84.68 and a 12-month high of $124.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.12. The company 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 earnings per share. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.0%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 56.49%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several large investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC bought a new stake in C.H. Robinson Worldwide in the second quarter worth $30,000. FORA Capital LLC increased its position in C.H. Robinson Worldwide by 148.4% in the second quarter. FORA Capital LLC now owns 19,690 shares of the transportation company's stock worth $1,889,000 after purchasing an additional 11,764 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in C.H. Robinson Worldwide in the second quarter worth $34,000. SkyView Investment Advisors LLC increased its position in C.H. Robinson Worldwide by 3.8% in the second quarter. SkyView Investment Advisors LLC now owns 7,487 shares of the transportation company's stock worth $724,000 after purchasing an additional 271 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its position in C.H. Robinson Worldwide by 81.2% during the second quarter. State of Tennessee Department of Treasury now owns 28,168 shares of the transportation company's stock valued at $2,703,000 after acquiring an additional 12,627 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CHRW. Barclays reissued an "underweight" rating and issued a $95.00 price objective (up previously from $90.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. Raymond James Financial set a $111.00 price target on shares of C.H. Robinson Worldwide and gave the company an "outperform" rating in a report on Tuesday, July 15th. Citigroup lifted their price target on shares of C.H. Robinson Worldwide from $116.00 to $118.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. TD Cowen boosted their target price on shares of C.H. Robinson Worldwide from $112.00 to $116.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.