Key Points
- Insider sale: Director Michael John Short sold 1,230 shares on Jan 15 at $175 (~$215,250), cutting his stake by 2.23% to 53,928 shares valued at about $9.44M; he also sold 2,390 shares on Dec 31 at $161.91.
- The stock trades near its 12‑month high with a $20.69B market cap and a P/E of ~35.5, analysts' consensus is a Moderate Buy (average target $163.65), and the company recently raised its quarterly dividend to $0.63 (annualized $2.52, yield 1.4%).
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) insider Michael John Short sold 1,230 shares of the business's stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $175.00, for a total transaction of $215,250.00. Following the sale, the insider directly owned 53,928 shares in the company, valued at $9,437,400. The trade was a 2.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Michael John Short also recently made the following trade(s):
- On Wednesday, December 31st, Michael John Short sold 2,390 shares of C.H. Robinson Worldwide stock. The shares were sold at an average price of $161.91, for a total transaction of $386,964.90.
C.H. Robinson Worldwide Stock Performance
C.H. Robinson Worldwide stock opened at $175.10 on Wednesday. C.H. Robinson Worldwide, Inc. has a twelve month low of $84.68 and a twelve month high of $178.13. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $20.69 billion, a P/E ratio of 35.52, a PEG ratio of 1.91 and a beta of 0.91. The stock's 50 day moving average is $161.63 and its 200 day moving average is $137.35.
C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.77% and a net margin of 3.64%.The business had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.26 billion. During the same quarter in the previous year, the business earned $1.28 earnings per share. The firm's quarterly revenue was down 10.9% compared to the same quarter last year. On average, equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current fiscal year.
C.H. Robinson Worldwide Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a dividend of $0.63 per share. This is a positive change from C.H. Robinson Worldwide's previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide's payout ratio is currently 51.12%.
Hedge Funds Weigh In On C.H. Robinson Worldwide
Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of C.H. Robinson Worldwide by 3.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company's stock worth $82,352,000 after buying an additional 24,788 shares during the last quarter. United Services Automobile Association bought a new position in C.H. Robinson Worldwide in the first quarter valued at about $259,000. Empowered Funds LLC boosted its position in C.H. Robinson Worldwide by 2.3% in the first quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company's stock worth $1,589,000 after purchasing an additional 350 shares during the last quarter. Woodline Partners LP grew its stake in shares of C.H. Robinson Worldwide by 41.3% during the 1st quarter. Woodline Partners LP now owns 10,029 shares of the transportation company's stock valued at $1,027,000 after purchasing an additional 2,930 shares during the period. Finally, Focus Partners Wealth increased its position in shares of C.H. Robinson Worldwide by 9.9% during the 1st quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company's stock valued at $407,000 after purchasing an additional 359 shares during the last quarter. 93.15% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on CHRW. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $170.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 6th. Truist Financial boosted their price objective on shares of C.H. Robinson Worldwide from $165.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, January 15th. Bank of America increased their target price on C.H. Robinson Worldwide from $167.00 to $182.00 and gave the company a "buy" rating in a research note on Wednesday, December 24th. Susquehanna lifted their target price on C.H. Robinson Worldwide from $160.00 to $210.00 and gave the stock a "positive" rating in a report on Thursday, January 8th. Finally, Robert W. Baird set a $175.00 price target on C.H. Robinson Worldwide in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $163.65.
View Our Latest Stock Analysis on C.H. Robinson Worldwide
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.
Further Reading
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