Insider Selling: C.H. Robinson Worldwide, Inc. (CHRW) VP Sells $413,525.00 in Stock

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) VP Ben G. Campbell sold 4,865 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $85.00, for a total transaction of $413,525.00. Following the completion of the sale, the vice president now owns 29,837 shares in the company, valued at approximately $2,536,145. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) opened at $87.15 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $11,977.70, a PE ratio of 25.65, a price-to-earnings-growth ratio of 2.95 and a beta of 0.48. C.H. Robinson Worldwide, Inc. has a one year low of $63.41 and a one year high of $89.11.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, October 31st. The transportation company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.03. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.65 billion. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.33 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of CHRW. First Eagle Investment Management LLC grew its stake in C.H. Robinson Worldwide by 8,008.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 4,208,490 shares of the transportation company’s stock worth $289,039,000 after acquiring an additional 4,156,590 shares in the last quarter. Harris Associates L P grew its stake in C.H. Robinson Worldwide by 273.2% in the 2nd quarter. Harris Associates L P now owns 1,027,045 shares of the transportation company’s stock worth $70,537,000 after acquiring an additional 751,820 shares in the last quarter. Janus Henderson Group PLC grew its stake in C.H. Robinson Worldwide by 3,618.9% in the 2nd quarter. Janus Henderson Group PLC now owns 566,205 shares of the transportation company’s stock worth $38,887,000 after acquiring an additional 550,980 shares in the last quarter. Alliancebernstein L.P. grew its stake in C.H. Robinson Worldwide by 168.7% in the 2nd quarter. Alliancebernstein L.P. now owns 793,718 shares of the transportation company’s stock worth $54,513,000 after acquiring an additional 498,362 shares in the last quarter. Finally, Capital International Investors grew its stake in C.H. Robinson Worldwide by 5.6% in the 3rd quarter. Capital International Investors now owns 9,166,834 shares of the transportation company’s stock worth $697,596,000 after acquiring an additional 488,372 shares in the last quarter. Institutional investors and hedge funds own 94.68% of the company’s stock.

CHRW has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Wednesday, October 18th. Credit Suisse Group boosted their target price on shares of C.H. Robinson Worldwide from $68.00 to $69.00 and gave the stock an “underperform” rating in a report on Thursday, November 2nd. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $70.00 to $86.00 in a report on Tuesday, October 10th. BMO Capital Markets downgraded shares of C.H. Robinson Worldwide from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $72.00 to $77.00 in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, Goldman Sachs Group started coverage on shares of C.H. Robinson Worldwide in a report on Monday, November 13th. They issued a “neutral” rating and a $78.00 target price on the stock. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $77.35.

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About C.H. Robinson Worldwide

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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