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.

C.H. Robinson Worldwide announced that its board has authorized a share repurchase program on Thursday, May 10th that allows the company to repurchase 15,000,000 outstanding shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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)

Insider Buying and Selling by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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