C.H. Robinson Worldwide SVP Unloads $95,354 in Stock (CHRW)
C.H. Robinson Worldwide (NASDAQ:CHRW) SVP Chris Obrien sold 1,400 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $68.11, for a total transaction of $95,354.00. Following the sale, the senior vice president now directly owns 60,657 shares in the company, valued at approximately $4,131,348. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. C.H. Robinson Worldwide has an average rating of “Hold” and an average price target of $63.33.
C.H. Robinson Worldwide (NASDAQ:CHRW) traded up 0.70% during mid-day trading on Tuesday, hitting $68.63. 1,050,974 shares of the company’s stock traded hands. C.H. Robinson Worldwide has a 52 week low of $50.21 and a 52 week high of $69.50. The stock’s 50-day moving average is $65.90 and its 200-day moving average is $58.79. The company has a market cap of $10.099 billion and a price-to-earnings ratio of 24.94.
C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, July 29th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Wednesday, September 3rd.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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