C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) insider Michael John Short sold 10,894 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the sale, the insider now owns 70,943 shares of the company's stock, valued at $6,979,372.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
C.H. Robinson Worldwide Stock Up 0.2 %
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Shares of CHRW traded up $0.20 during trading hours on Monday, reaching $98.70. 818,657 shares of the stock traded hands, compared to its average volume of 1,657,652. The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $89.01 and a 200 day simple moving average of $80.62. C.H. Robinson Worldwide, Inc. has a 52 week low of $65.00 and a 52 week high of $105.41. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 38.79, a PEG ratio of 2.63 and a beta of 0.80.
C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period last year, the firm earned $0.90 earnings per share. The firm's revenue was up 1.4% on a year-over-year basis. On average, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.73 EPS for the current year.
C.H. Robinson Worldwide Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Friday, September 6th. This is an increase from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 96.44%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on CHRW shares. Robert W. Baird increased their price objective on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Vertical Research upgraded shares of C.H. Robinson Worldwide from a "sell" rating to a "buy" rating and set a $102.00 price objective for the company in a research report on Tuesday, July 9th. BMO Capital Markets raised their price target on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a "market perform" rating in a report on Friday, May 3rd. Susquehanna raised their price target on shares of C.H. Robinson Worldwide from $90.00 to $95.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of "Hold" and an average price target of $94.06.
Get Our Latest Analysis on CHRW
Institutional Trading of C.H. Robinson Worldwide
Large investors have recently added to or reduced their stakes in the stock. Cascade Investment Advisors Inc. increased its holdings in C.H. Robinson Worldwide by 10.4% during the first quarter. Cascade Investment Advisors Inc. now owns 15,350 shares of the transportation company's stock worth $1,169,000 after buying an additional 1,450 shares during the last quarter. Swedbank AB purchased a new stake in C.H. Robinson Worldwide during the first quarter worth about $1,051,000. BNP Paribas Financial Markets increased its holdings in C.H. Robinson Worldwide by 21.0% during the fourth quarter. BNP Paribas Financial Markets now owns 155,894 shares of the transportation company's stock worth $13,468,000 after buying an additional 27,103 shares during the last quarter. Norden Group LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $4,585,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of C.H. Robinson Worldwide by 13.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 214,098 shares of the transportation company's stock worth $16,301,000 after purchasing an additional 26,156 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.
About C.H. Robinson Worldwide
(Get Free Report)
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.
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