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EDEN PRAIRIE, MN—Michael John Short, President of Global Forwarding at C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), a prominent player in the Air Freight & Logistics industry with a market capitalization of $11.9 billion, has sold a significant portion of his holdings in the company. According to a recent SEC filing, Short sold 12,209 shares of common stock on February 18, 2025, at an average price of $99.576 per share. The total value of the sale amounted to approximately $1.22 million. InvestingPro analysis shows the stock trading near its Fair Value, with a strong dividend history of 28 consecutive years of increases.
Additionally, the filing disclosed that 5,344 shares were withheld by the company to cover tax obligations related to the vesting of restricted stock units, valued at a total of $531,674 at a price of $99.49 per share. Following these transactions, Short now holds 60,286 shares in the company, inclusive of shares issuable upon the settlement of restricted stock units and deferred shares in his NQDC Plan account.
These transactions are part of Short’s routine financial management and do not necessarily reflect his outlook on the company’s future performance.
In other recent news, C.H. Robinson Worldwide, Inc. reported its fourth-quarter 2024 earnings, which exceeded analysts’ expectations with an earnings per share of $1.21, surpassing the forecast of $1.11. However, the company’s revenue fell short, reaching $4.2 billion against the expected $4.43 billion. Despite the revenue miss, the company achieved significant operational improvements, including a 79% increase in adjusted operating income year-over-year and a 10.7% rise in Adjusted Gross Profit. The company also declared a regular quarterly dividend of $0.62 per share, continuing its long history of consistent dividend payouts. Additionally, C.H. Robinson has been focusing on maintaining discipline and preparing for a market recovery, with projected personnel expenses for 2025 ranging from $1.375 billion to $1.475 billion. The company has also been recognized for its significant scale in logistics, managing 37 million shipments annually. Recent developments also include the company’s efforts to support sustainable supply chain practices and its commitment to innovation through advanced freight technology.
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