C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Director Sells $16,793.28 in Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Director Henry Ward Iv Winship sold 204 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $82.32, for a total transaction of $16,793.28. Following the completion of the transaction, the director now directly owns 266,732 shares of the company’s stock, valued at $21,957,378.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

C.H. Robinson Worldwide Price Performance

CHRW stock traded down $0.85 on Thursday, hitting $82.50. 62,445 shares of the company’s stock traded hands, compared to its average volume of 1,644,024. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.99. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 3.93 and a beta of 0.75. C.H. Robinson Worldwide, Inc. has a 1-year low of $65.00 and a 1-year high of $102.24. The stock has a fifty day moving average of $74.31 and a 200-day moving average of $79.02.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the firm posted $0.98 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. On average, analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.58 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.96%. C.H. Robinson Worldwide’s dividend payout ratio is currently 96.44%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHRW. Van ECK Associates Corp boosted its holdings in shares of C.H. Robinson Worldwide by 13,682.5% during the first quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after purchasing an additional 2,643,193 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 21.1% during the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock valued at $874,548,000 after acquiring an additional 2,003,158 shares in the last quarter. Pzena Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter worth $66,474,000. Norges Bank purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $52,341,000. Finally, Pinebridge Investments L.P. boosted its position in C.H. Robinson Worldwide by 105.5% during the fourth quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company’s stock valued at $51,286,000 after purchasing an additional 304,709 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CHRW shares. TD Cowen upped their target price on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Bank of America dropped their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research report on Monday, April 15th. Barclays lifted their price objective on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd. BMO Capital Markets upped their target price on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. lifted their price target on C.H. Robinson Worldwide from $70.00 to $76.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average target price of $82.60.

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.