Henry Maier, a director at C.H. Robinson Worldwide (CHRW), recently bought 1,000 shares. The buy increased his holdings by 108 percent, and came to a total cost of just over $96,000.
The director previously bought 922 shares back in August as an initial stake in the company. Over the past three years, company executives have been largely sellers of shares, while company directors have been more inclined to buy.
Overall, insiders own 0.8 percent of the company.
Shares of the trucking and logistics company have traded flat over the past year. Earnings are down bout 9 percent, and revenues have declined 4 percent.
Shares are reasonably priced in terms of EBITDA, although they’re a bit expensive historically on a traditional earnings basis with a PE ratio of 16.
Action to take: The company is an attractive long-term buy, as its offers an essential service that won’t go out of favor. Plus, if energy prices continue to decline in the months ahead, a large variable expense for the company will likewise decline. The stock pays a 2.5 percent dividend yield here as well.
For traders, shares are in the middle of a range, but are headed up. The February 2023 $105 calls, last going for about $3.00, offer mid-double-digit gains on a move to the higher end of the stock’s recent trading range.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.