C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) stock jumped 0.10% on Thursday to $99.42 against a previous-day closing price of $99.32. With 0.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.1 million shares. During the session, the Integrated Freight & Logistics company that operates in wider Industrials sector, reached to the highest price of $99.91 whereas the lowest price it dropped to was $98.74. The 52-week range on CHRW shows that it touched its highest point at $121.23 and its lowest point at $86.60 during that stretch. It currently has a 1-year price target of $93.29. With its current market cap of 11.70 billion, CHRW has annualized dividend of $2.44 while the current yield stands at 2.45%. Beta for the stock currently stands at 0.80.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CHRW was down-trending over the past week, with a drop of -2.04%, but this was up by 7.48% over a month. Three-month performance dropped to -0.92% while six-month performance rose 1.81%. The stock lost -5.12% in the past year, while it has gained 8.58% so far this year. A look at the trailing 12-month EPS for CHRW yields 6.21 with Next year EPS estimates of 4.70. For the next quarter, that number is 0.99. This implies an EPS growth rate of 17.30% for this year and 14.05% for next year. EPS is expected to grow by 0.77% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.20%.
Float and Shares Shorts:
At present, 118.64 million CHRW shares are outstanding with a float of 115.10 million shares on hand for trading. On Apr 27, 2023, short shares totaled 13.88 million, which was 11.92% higher than short shares on Mar 30, 2023. In addition to Mr. Scott P. Anderson as the firm’s Interim CEO & Director, Mr. Michael Paul Zechmeister serves as its Chief Financial Officer.
Through their ownership of 99.20% of CHRW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.62% of CHRW, in contrast to 40.68% held by mutual funds. Shares owned by individuals account for 14.88%. As the largest shareholder in CHRW with 12.33% of the stake, The Vanguard Group, Inc. holds 14,363,361 shares worth 14,363,361. A second-largest stockholder of CHRW, First Eagle Investment Management, holds 9,845,701 shares, controlling over 8.45% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CHRW, holding 9,408,701 shares or 8.07% stake. With a 6.37% stake in CHRW, the First Eagle Global Fund is the largest stakeholder. A total of 7,426,526 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.11% of CHRW stock, is the second-largest Mutual Fund holder. It holds 3,626,372 shares valued at 365.79 million. Vanguard 500 Index Fund holds 2.37% of the stake in CHRW, owning 2,760,485 shares worth 278.45 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CHRW reported revenue of $6.80B and operating income of $469.67M. The EBITDA in the recently reported quarter was $492.93M and diluted EPS was $2.67.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CHRW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CHRW analysts setting a high price target of $120.00 and a low target of $62.00, the average target price over the next 12 months is $92.92. Based on these targets, CHRW could surge 20.7% to reach the target high and fall by -37.64% to reach the target low. Reaching the average price target will result in a decline of -6.54% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, CHRW has a current ratio of $2.44, which is $2.44 over the trailing 12-months, while a dividend of $2.03 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and CHRW currently yields $2.33. In the past year, CHRW’s dividend yield has been $2.33, but when looking at the stock over the past five years, its yield has been $2.25. Accordingly, CHRW has a current buyback yield of $11.52. This was $11.52 for the TTM, and it was $3.98 for the past five years.
Summary of Insider Activity:
Insiders traded CHRW stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 7,624 shares were bought while 7,624 shares were sold. The number of buy transactions has increased to 50 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 387,884 while 128,594 shares were sold.