Insider Selling: C.H. Robinson Worldwide Inc (CHRW) Insider Sells 3,909 Shares of Stock

C.H. Robinson Worldwide Inc (NASDAQ:CHRW) insider Chris Obrien sold 3,909 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $90.85, for a total value of $355,132.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

C.H. Robinson Worldwide Inc (NASDAQ:CHRW) traded down $0.29 during trading on Wednesday, reaching $92.43. The company’s stock had a trading volume of 1,482,091 shares, compared to its average volume of 1,874,377. C.H. Robinson Worldwide Inc has a 52 week low of $63.41 and a 52 week high of $100.18. The company has a quick ratio of 1.24, a current ratio of 1.26 and a debt-to-equity ratio of 0.53. The firm has a market cap of $12,770.00, a PE ratio of 25.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.46.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 1st. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 51.54%.

CHRW has been the subject of a number of research analyst reports. Zacks Investment Research cut C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Oppenheimer reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research report on Wednesday, November 1st. Cowen upped their target price on C.H. Robinson Worldwide from $87.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Robert W. Baird reissued a “hold” rating and issued a $90.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday, January 9th. Finally, Goldman Sachs Group assumed coverage on C.H. Robinson Worldwide in a research report on Monday, November 13th. They set a “neutral” rating and a $78.00 price objective for the company. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.53.

Hedge funds have recently modified their holdings of the company. Toronto Dominion Bank raised its stake in shares of C.H. Robinson Worldwide by 25.1% during the 2nd quarter. Toronto Dominion Bank now owns 47,734 shares of the transportation company’s stock worth $3,277,000 after buying an additional 9,587 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of C.H. Robinson Worldwide by 288.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 34,494 shares of the transportation company’s stock worth $2,625,000 after buying an additional 25,620 shares in the last quarter. Saratoga Research & Investment Management raised its stake in shares of C.H. Robinson Worldwide by 0.3% during the 3rd quarter. Saratoga Research & Investment Management now owns 695,793 shares of the transportation company’s stock worth $52,950,000 after buying an additional 2,075 shares in the last quarter. State of Wisconsin Investment Board raised its stake in shares of C.H. Robinson Worldwide by 49.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 311,775 shares of the transportation company’s stock worth $23,726,000 after buying an additional 103,748 shares in the last quarter. Finally, Foyston Gordon & Payne Inc raised its stake in shares of C.H. Robinson Worldwide by 2.3% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 86,211 shares of the transportation company’s stock worth $6,561,000 after buying an additional 1,972 shares in the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

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C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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