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

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

C.H. Robinson Worldwide Trading Up 1.6 %

CHRW traded up $1.66 during trading on Friday, hitting $104.44. 810,797 shares of the company's stock were exchanged, compared to its average volume of 712,398. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The stock has a 50 day moving average price of $106.91 and a 200 day moving average price of $101.40. The firm has a market cap of $12.35 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly 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 during the quarter, compared to analysts' expectations of $4.53 billion. During the same period in the prior year, the company earned $0.84 EPS. The firm's revenue was up 7.0% on a year-over-year basis. As a group, analysts expect that C.H. Robinson Worldwide, Inc. will post 4.38 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders 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 dividend payout ratio is currently 85.81%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. TD Cowen upped their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a "hold" rating in a report on Friday, December 13th. Citigroup upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 13th. UBS Group raised shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $100.00 to $140.00 in a research note on Friday, October 4th. Robert W. Baird increased their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Finally, Susquehanna raised C.H. Robinson Worldwide from a "neutral" rating to a "positive" rating and lifted their price objective for the company from $115.00 to $130.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of "Hold" and a consensus price target of $113.81.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in C.H. Robinson Worldwide by 132.5% in the second quarter. Commonwealth Equity Services LLC now owns 33,521 shares of the transportation company's stock valued at $2,954,000 after purchasing an additional 19,102 shares during the last quarter. Natixis Advisors LLC grew its position in shares of C.H. Robinson Worldwide by 8.2% during the second 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 in the last quarter. Versor Investments LP bought a new stake in shares of C.H. Robinson Worldwide in the second quarter worth $305,000. Larson Financial Group LLC raised its holdings in C.H. Robinson Worldwide by 142.8% in the second quarter. Larson Financial Group LLC now owns 1,282 shares of the transportation company's stock valued at $113,000 after acquiring an additional 754 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in C.H. Robinson Worldwide by 18.6% during 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 acquiring an additional 5,168 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

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.