C.H. Robinson Worldwide (NASDAQ:CHRW) Issues Earnings Results

Key Points

• EPS beat: C.H. Robinson reported adjusted EPS of $1.35 versus $1.26 expected (a $0.09 beat) while revenue came in in line at $4.01 billion; the quarter produced a net margin of 3.62% and a return on equity of 34.24%.
• Market reaction & dividend: Shares traded down to $186.43 midday despite the beat, with a market cap of $21.97B and a P/E of 38.6; the company paid a $0.63 quarterly dividend (annualized $2.52) for a 1.4% yield and a 52.17% payout ratio.
• Analysts & insider activity: Several analysts raised price targets into the $202–$210 area leaving a consensus "Moderate Buy" and an average target of $186.22, while insiders showed mixed activity (notably a purchase by Arun Rajan and larger aggregate insider sales) and institutions own 93.15% of the stock.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) released its quarterly earnings data on Wednesday. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.09, FiscalAI reports. C.H. Robinson Worldwide had a net margin of 3.62% and a return on equity of 34.24%. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.01 billion.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded down $1.53 during midday trading on Wednesday, reaching $186.43. The company had a trading volume of 1,894,342 shares, compared to its average volume of 2,187,147. The business's 50-day simple moving average is $175.88 and its 200 day simple moving average is $166.54. The stock has a market cap of $21.97 billion, a P/E ratio of 38.60, a P/E/G ratio of 1.96 and a beta of 0.93. C.H. Robinson Worldwide has a 1 year low of $86.58 and a 1 year high of $203.34. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 52.17%.

Insiders Place Their Bets

In related news, insider Arun Rajan purchased 605 shares of the firm's stock in a transaction on Thursday, February 12th. The stock was acquired at an average price of $167.11 per share, with a total value of $101,101.55. Following the completion of the acquisition, the insider owned 133,656 shares in the company, valued at approximately $22,335,254.16. This represents a 0.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael D. Castagnetto sold 2,849 shares of the firm's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total transaction of $553,275.80. Following the completion of the transaction, the insider directly owned 28,149 shares of the company's stock, valued at approximately $5,466,535.80. This represents a 9.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have bought 2,422 shares of company stock valued at $400,801 and have sold 17,796 shares valued at $3,555,415. Corporate insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bank of Jackson Hole Trust purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $25,000. DV Equities LLC purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth $27,000. Measured Wealth Private Client Group LLC purchased a new position in shares of C.H. Robinson Worldwide during the third quarter worth $34,000. CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide during the second quarter worth $30,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of C.H. Robinson Worldwide during the second quarter worth $34,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CHRW shares. Stifel Nicolaus increased their price objective on shares of C.H. Robinson Worldwide from $184.00 to $202.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Wells Fargo & Company raised their target price on shares of C.H. Robinson Worldwide from $185.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, January 29th. Truist Financial raised their target price on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Citigroup raised their target price on shares of C.H. Robinson Worldwide from $177.00 to $202.00 and gave the company a "neutral" rating in a research note on Friday, January 30th. Finally, Morgan Stanley raised their target price on shares of C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an "underweight" rating in a research note on Thursday, January 29th. Fifteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $186.22.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world's largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company's primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.

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