Key Points
- Insider Michael John Short sold 6,368 shares on Feb. 9 at an average price of $201.30 for about $1.28 million, cutting his stake by 10.89% to 52,101 shares, according to the SEC filing.
- C.H. Robinson is trading near its 12‑month high (~$203.34) after reporting quarterly EPS $1.23 (beating estimates) while revenue fell 6.5% YoY, and the company announced a quarterly dividend of $0.63 (1.3% yield).
- Institutional investors own roughly 93.15% of the stock, and analysts' consensus is a “Moderate Buy” with an average price target of about $181.29.
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) insider Michael John Short sold 6,368 shares of the company's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the transaction, the insider owned 52,101 shares of the company's stock, valued at approximately $10,487,931.30. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Michael John Short also recently made the following trade(s):
- On Thursday, January 15th, Michael John Short sold 1,230 shares of C.H. Robinson Worldwide stock. The stock was sold at an average price of $175.00, for a total value of $215,250.00.
- On Wednesday, December 31st, Michael John Short sold 2,390 shares of C.H. Robinson Worldwide stock. The stock was sold at an average price of $161.91, for a total value of $386,964.90.
C.H. Robinson Worldwide Price Performance
Shares of C.H. Robinson Worldwide stock opened at $196.33 on Thursday. The stock has a market capitalization of $23.19 billion, a P/E ratio of 40.65, a PEG ratio of 2.07 and a beta of 0.90. The business has a 50 day simple moving average of $173.04 and a two-hundred day simple moving average of $147.36. C.H. Robinson Worldwide, Inc. has a 12 month low of $84.68 and a 12 month high of $203.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.59.
C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the company posted $1.21 earnings per share. The business's revenue was down 6.5% on a year-over-year basis. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current fiscal year.
C.H. Robinson Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. C.H. Robinson Worldwide's dividend payout ratio is presently 52.17%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in CHRW. Goldman Sachs Group Inc. raised its position in C.H. Robinson Worldwide by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 804,215 shares of the transportation company's stock valued at $82,352,000 after purchasing an additional 24,788 shares during the period. United Services Automobile Association acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth about $259,000. Empowered Funds LLC raised its holdings in C.H. Robinson Worldwide by 2.3% in the 1st quarter. Empowered Funds LLC now owns 15,516 shares of the transportation company's stock valued at $1,589,000 after buying an additional 350 shares during the period. Woodline Partners LP lifted its position in C.H. Robinson Worldwide by 41.3% in the first quarter. Woodline Partners LP now owns 10,029 shares of the transportation company's stock valued at $1,027,000 after buying an additional 2,930 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in C.H. Robinson Worldwide by 9.9% during the first quarter. Focus Partners Wealth now owns 3,974 shares of the transportation company's stock worth $407,000 after buying an additional 359 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on CHRW. Sanford C. Bernstein boosted their price target on shares of C.H. Robinson Worldwide from $135.00 to $153.00 and gave the stock a "market perform" rating in a research report on Friday, January 9th. Morgan Stanley raised their target price on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the stock an "underweight" rating in a research note on Thursday, January 29th. Citigroup upped their price target on C.H. Robinson Worldwide from $177.00 to $202.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. Stephens set a $173.00 price target on C.H. Robinson Worldwide in a report on Thursday, October 30th. Finally, Susquehanna lifted their price objective on C.H. Robinson Worldwide from $210.00 to $220.00 and gave the stock a "positive" rating in a research report on Thursday, January 29th. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average price target of $181.29.
Get Our Latest Stock 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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