Ben G. Campbell, Chief Legal Officer and Secretary of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), recently executed a significant stock transaction. According to a recent SEC filing, Campbell sold 25,976 shares of the company's common stock on December 11, 2024, at a price of $110 per share, totaling approximately $2.86 million. The transaction comes as the company's stock has shown strong momentum, with an impressive 36% gain over the past six months and a notable 8% return in the past week alone, according to InvestingPro data.
In addition to the sale, Campbell exercised stock options to acquire 23,430 shares at a price of $76.72 per share, with the transaction valued at around $1.80 million. Following these transactions, Campbell's total direct ownership stands at 69,066 shares. With C.H. Robinson's current market capitalization of $13.2 billion and InvestingPro's analysis indicating the stock is trading above its Fair Value, investors seeking deeper insights can access 13 additional ProTips and comprehensive valuation metrics through the Pro Research Report.
These transactions were conducted under a 10b5-1 trading plan adopted on August 29, 2024.
In other recent news, C.H. Robinson Worldwide has been making waves with substantial financial growth, reporting a 75% increase in adjusted income from operations in its third-quarter earnings call. The Global Forwarding division saw a remarkable 230% rise year-over-year, attributed to operational improvements and the successful integration of generative AI. This technology is projected to yield over a 30% increase in shipments per person per day by the end of 2024.
Several investment firms have adjusted their outlook on C.H. Robinson. TD Cowen adjusted the company's price target from $113.00 to $119.00, while Baird increased the price target to $124.00. Jefferies set a new price target of $110.00, and Bernstein SocGen Group raised their price target to $118.00. BMO Capital Markets increased their price target to $118.00.
The company also received upgrades from Wells Fargo (NYSE:WFC) and Citi. Wells Fargo upgraded the stock to Overweight and set a new price target of $130.00, while Citi upgraded the stock from Neutral to Buy, with a new price target of $125.00.
C.H. Robinson has also declared a regular quarterly cash dividend of $0.62 per share, continuing an unbroken streak of annual increases per share for over 25 years. These are the recent developments that investors should consider.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.