Michael D. Castagnetto Sells 2,032 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Michael D. Castagnetto sold 2,032 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the sale, the insider now owns 34,469 shares of the company’s stock, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

C.H. Robinson Worldwide Trading Up 1.6 %

CHRW opened at $104.44 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 1.25 and a beta of 0.83. The business has a fifty day moving average price of $106.91 and a 200 day moving average price of $101.40. C.H. Robinson Worldwide, Inc. has a 12 month low of $65.00 and a 12 month high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 4.38 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.37%. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its position in shares of C.H. Robinson Worldwide by 132.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 33,521 shares of the transportation company’s stock worth $2,954,000 after acquiring an additional 19,102 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of C.H. Robinson Worldwide by 8.2% during the 2nd quarter. Natixis Advisors LLC now owns 12,190 shares of the transportation company’s stock worth $1,074,000 after buying an additional 919 shares during the last quarter. Versor Investments LP purchased a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth approximately $305,000. Larson Financial Group LLC boosted its holdings in shares of C.H. Robinson Worldwide by 142.8% in the 2nd quarter. Larson Financial Group LLC now owns 1,282 shares of the transportation company’s stock valued at $113,000 after buying an additional 754 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of C.H. Robinson Worldwide by 18.6% in the 2nd quarter. National Bank of Canada FI now owns 32,946 shares of the transportation company’s stock valued at $2,860,000 after buying an additional 5,168 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHRW has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. TD Cowen lifted their target price on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Citigroup raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 13th. Susquehanna upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $115.00 to $130.00 in a report on Friday. Finally, Evercore ISI upped their target price on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $113.81.

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.