C.H. Robinson Worldwide Inc (CHRW) Insider Sells $435,135.24 in Stock
C.H. Robinson Worldwide Inc (NASDAQ:CHRW) insider Michael John Short sold 4,527 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $96.12, for a total transaction of $435,135.24. Following the completion of the transaction, the insider now owns 14,717 shares in the company, valued at approximately $1,414,598.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
CHRW stock traded down $1.03 during midday trading on Thursday, reaching $95.04. The company’s stock had a trading volume of 34,349 shares, compared to its average volume of 1,226,951. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 0.88. C.H. Robinson Worldwide Inc has a 1 year low of $65.55 and a 1 year high of $100.18. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 2.40 and a beta of 0.44.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, July 31st. The transportation company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.07. C.H. Robinson Worldwide had a return on equity of 38.81% and a net margin of 3.59%. The business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The business’s revenue was up 15.3% compared to the same quarter last year. research analysts expect that C.H. Robinson Worldwide Inc will post 4.45 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in CHRW. Piedmont Investment Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $132,000. Sit Investment Associates Inc. grew its position in shares of C.H. Robinson Worldwide by 77.5% during the 2nd quarter. Sit Investment Associates Inc. now owns 1,775 shares of the transportation company’s stock worth $148,000 after buying an additional 775 shares in the last quarter. Institutional & Family Asset Management LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth $184,000. Cerebellum GP LLC bought a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth $177,000. Finally, Foundry Partners LLC bought a new position in shares of C.H. Robinson Worldwide during the 1st quarter worth $205,000. Institutional investors and hedge funds own 90.70% of the company’s stock.
Several brokerages have recently issued reports on CHRW. Bank of America cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating in a report on Thursday. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus set a $106.00 price target on shares of C.H. Robinson Worldwide and gave the company a “buy” rating in a report on Thursday, August 2nd. Credit Suisse Group lifted their price target on shares of C.H. Robinson Worldwide from $82.00 to $86.00 and gave the company an “underperform” rating in a report on Thursday, August 2nd. Finally, KeyCorp lifted their price target on shares of C.H. Robinson Worldwide from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $93.50.
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.
Further Reading: Leveraged Buyout (LBO)
Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.