Insider Selling: C.H. Robinson Worldwide SVP Unloads 1,400 Shares of Stock (CHRW)
C.H. Robinson Worldwide (NASDAQ:CHRW) SVP Chris Obrien unloaded 1,400 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $68.11, for a total value of $95,354.00. Following the completion of the sale, the senior vice president now directly owns 60,657 shares of the company’s stock, valued at approximately $4,131,348. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at 68.66 on Thursday. 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 $66.05 and its 200-day moving average is $58.87. The company has a market cap of $10.104 billion and a P/E ratio of 25.11.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly 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. Analysts expect that C.H. Robinson Worldwide will post $2.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders 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 2.04%. The ex-dividend date is Wednesday, September 3rd.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $63.33.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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