C.H. Robinson Worldwide SVP Chris Obrien Sells 1,600 Shares (CHRW)
C.H. Robinson Worldwide (NASDAQ:CHRW) SVP Chris Obrien sold 1,600 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $67.90, for a total value of $108,640.00. Following the transaction, the senior vice president now directly owns 62,057 shares of the company’s stock, valued at approximately $4,213,670. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CHRW shares. Analysts at Credit Suisse reiterated a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. They now have a $65.00 price target on the stock, up previously from $59.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, July 31st. They now have a $63.00 price target on the stock, up previously from $62.00. Finally, analysts at Cowen and Company raised their price target on shares of C.H. Robinson Worldwide from $62.00 to $72.00 in a research note on Thursday, July 31st. They now have a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. C.H. Robinson Worldwide presently has an average rating of “Hold” and an average target price of $63.33.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded down 0.41% during mid-day trading on Thursday, hitting $67.22. The stock had a trading volume of 1,544,091 shares. C.H. Robinson Worldwide has a 1-year low of $50.21 and a 1-year high of $69.50. The stock has a 50-day moving average of $65.54 and a 200-day moving average of $58.56. The company has a market cap of $9.937 billion and a P/E ratio of 24.70.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings data on Tuesday, July 29th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide will post $2.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, September 3rd.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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