C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Insider Angela K. Freeman Sells 8,000 Shares

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) insider Angela K. Freeman sold 8,000 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $100.39, for a total transaction of $803,120.00. Following the transaction, the insider now directly owns 77,027 shares in the company, valued at $7,732,740.53. This represents a 9.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

C.H. Robinson Worldwide Trading Down 1.2 %

Shares of CHRW stock opened at $100.37 on Tuesday. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.16 and a beta of 0.82. The company’s fifty day simple moving average is $102.06 and its two-hundred day simple moving average is $104.74. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $114.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. As a group, analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, March 7th. C.H. Robinson Worldwide’s payout ratio is 64.42%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds have recently bought and sold shares of the company. Inspire Investing LLC purchased a new stake in C.H. Robinson Worldwide in the 4th quarter worth approximately $810,000. D.A. Davidson & CO. increased its holdings in shares of C.H. Robinson Worldwide by 7.1% in the third quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock worth $741,000 after purchasing an additional 443 shares during the period. Chesapeake Capital Corp IL bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth $835,000. Northstar Advisory Group LLC bought a new stake in C.H. Robinson Worldwide during the fourth quarter valued at $587,000. Finally, JPMorgan Chase & Co. grew its position in C.H. Robinson Worldwide by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,411,891 shares of the transportation company’s stock worth $155,830,000 after buying an additional 36,769 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Robert W. Baird lifted their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $118.00 to $130.00 in a report on Monday, December 9th. Stephens reiterated an “equal weight” rating and set a $111.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, January 30th. Finally, TD Cowen boosted their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.17.

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.