C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) CEO Robert C. Biesterfeld, Jr. Sells 21,694 Shares of Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Rating) CEO Robert C. Biesterfeld, Jr. sold 21,694 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $111.46, for a total value of $2,418,013.24. Following the sale, the chief executive officer now directly owns 181,610 shares of the company’s stock, valued at approximately $20,242,250.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ:CHRW opened at $101.09 on Friday. C.H. Robinson Worldwide, Inc. has a 1-year low of $84.67 and a 1-year high of $115.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.49. The business has a fifty day moving average price of $105.25 and a 200-day moving average price of $102.88. The company has a market capitalization of $12.87 billion, a PE ratio of 14.28, a PEG ratio of 1.57 and a beta of 0.73.

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The transportation company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.54 by $0.51. C.H. Robinson Worldwide had a return on equity of 47.22% and a net margin of 3.75%. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same period last year, the firm posted $1.28 earnings per share. On average, sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 7.29 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Friday, June 3rd will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, June 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.18%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 31.07%.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on C.H. Robinson Worldwide from $117.00 to $120.00 in a report on Thursday, April 28th. Cowen upped their target price on C.H. Robinson Worldwide from $109.00 to $123.00 and gave the company an “outperform” rating in a report on Thursday, April 28th. Stephens upped their target price on C.H. Robinson Worldwide from $110.00 to $115.00 in a report on Friday, April 1st. Susquehanna Bancshares upped their target price on C.H. Robinson Worldwide from $95.00 to $107.00 in a report on Thursday, April 28th. Finally, Robert W. Baird upped their target price on C.H. Robinson Worldwide from $105.00 to $115.00 and gave the company a “hold” rating in a report on Thursday, April 28th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Hold” and a consensus target price of $108.33.

Institutional investors have recently added to or reduced their stakes in the stock. TAP Consulting LLC purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth about $29,000. Penserra Capital Management LLC purchased a new position in C.H. Robinson Worldwide in the first quarter worth about $30,000. Ellevest Inc. boosted its position in C.H. Robinson Worldwide by 67.6% in the first quarter. Ellevest Inc. now owns 290 shares of the transportation company’s stock worth $31,000 after purchasing an additional 117 shares during the last quarter. Covington Capital Management boosted its position in C.H. Robinson Worldwide by 65.2% in the fourth quarter. Covington Capital Management now owns 413 shares of the transportation company’s stock worth $44,000 after purchasing an additional 163 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth about $46,000. 93.48% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Company Profile (Get Rating)

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It 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 comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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