Key Points
- Insider sale: Michael John Short sold 2,390 CHRW shares on Dec. 31 at an average $161.91 for $386,964.90, trimming his stake by 4.15% to 55,158 shares valued at about $8.93 million.
- Company performance and outlook: C.H. Robinson beat Q EPS expectations ($1.40 vs. $1.29) while revenue fell 10.9% year‑over‑year, the quarterly dividend was raised to $0.63 (annualized $2.52, 1.5% yield), and analysts maintain a consensus "Moderate Buy" target of $149.48.
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) insider Michael John Short sold 2,390 shares of the firm's stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $161.91, for a total transaction of $386,964.90. Following the completion of the sale, the insider directly owned 55,158 shares in the company, valued at $8,930,631.78. This represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
C.H. Robinson Worldwide Stock Performance
Shares of CHRW stock opened at $167.21 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $19.75 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $167.90. The company has a 50 day moving average price of $156.29 and a 200 day moving average price of $131.45.
C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a net margin of 3.64% and a return on equity of 34.77%. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the business earned $1.28 EPS. C.H. Robinson Worldwide's revenue for the quarter was down 10.9% on a year-over-year basis. Sell-side analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.
C.H. Robinson Worldwide Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. This is a boost from C.H. Robinson Worldwide's previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Friday, December 5th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 51.12%.
Wall Street Analysts Forecast Growth
CHRW has been the topic of several research analyst reports. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $115.00 to $138.00 and gave the company a "hold" rating in a research note on Thursday, October 30th. Cowen reaffirmed a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Morgan Stanley boosted their price objective on shares of C.H. Robinson Worldwide from $77.00 to $85.00 and gave the stock an "underweight" rating in a research note on Monday, December 8th. Susquehanna set a $165.00 price objective on shares of C.H. Robinson Worldwide and gave the stock a "positive" rating in a research report on Wednesday, September 24th. Finally, UBS Group raised their target price on shares of C.H. Robinson Worldwide from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.48.
Read Our Latest Stock Analysis on CHRW
Institutional Trading of C.H. Robinson Worldwide
A number of hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System boosted its stake in C.H. Robinson Worldwide by 12.8% during the 2nd quarter. New York State Teachers Retirement System now owns 100,735 shares of the transportation company's stock valued at $9,666,000 after purchasing an additional 11,443 shares during the period. Norges Bank bought a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $118,976,000. Brighton Jones LLC acquired a new position in shares of C.H. Robinson Worldwide during the third quarter worth approximately $1,335,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in C.H. Robinson Worldwide by 118.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,905 shares of the transportation company's stock worth $3,472,000 after buying an additional 18,390 shares in the last quarter. Finally, Oak Thistle LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth approximately $999,000. 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 is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.
The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.
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