Key Points
- Michael Castagnetto sold 2,849 CHRW shares at an average of $194.20 for about $553,275, trimming his stake ~9.2% and leaving him with 28,149 shares (SEC filing).
- C.H. Robinson beat Q4 EPS expectations ($1.23 vs. $1.12) but missed revenue ($3.91B vs. $3.97B), with revenue down roughly 6.5% year-over-year, signaling mixed fundamentals.
- The stock hit a 52-week high and several analysts raised price targets (consensus rating "Moderate Buy", average target ~$181.29), while institutional ownership is about 93%.
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) insider Michael Castagnetto sold 2,849 shares of C.H. Robinson Worldwide stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total transaction of $553,275.80. Following the sale, the insider owned 28,149 shares of the company's stock, valued at $5,466,535.80. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
C.H. Robinson Worldwide Trading Down 0.5%
Shares of NASDAQ:CHRW opened at $198.74 on Thursday. C.H. Robinson Worldwide, Inc. has a 52-week low of $84.68 and a 52-week high of $202.79. The company has a quick ratio of 1.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The stock has a market cap of $23.48 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 2.10 and a beta of 0.90. The business has a 50-day moving average price of $169.18 and a 200-day moving average price of $143.94.
C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.12 by $0.11. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.97 billion. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The business's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 EPS. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.
Institutional Trading of C.H. Robinson Worldwide
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new position in C.H. Robinson Worldwide in the second quarter valued at approximately $30,000. Clearstead Advisors LLC raised its holdings in C.H. Robinson Worldwide by 110.3% during the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company's stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth approximately $34,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about C.H. Robinson Worldwide
Here are the key news stories impacting C.H. Robinson Worldwide this week:
Analysts Set New Price Targets
A number of research firms recently weighed in on CHRW. Loop Capital set a $206.00 price target on C.H. Robinson Worldwide in a report on Monday. Stephens set a $173.00 price target on C.H. Robinson Worldwide in a research note on Thursday, October 30th. Raymond James Financial reiterated an "outperform" rating and issued a $215.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $165.00 to $194.00 and gave the stock a "hold" rating in a research note on Thursday, January 29th. Finally, Barclays upgraded C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $145.00 to $200.00 in a report on Tuesday, December 16th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $181.29.
Check Out Our Latest Analysis on C.H. Robinson Worldwide
C.H. Robinson Worldwide Company Profile
(
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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