C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Short Interest Update

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 4,730,000 shares, a growth of 9.0% from the November 15th total of 4,340,000 shares. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is currently 3.7 days. Approximately 4.0% of the company’s shares are sold short.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.47% of the stock is currently owned by company insiders.

Institutional Trading of C.H. Robinson Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC bought a new stake in C.H. Robinson Worldwide in the 3rd quarter worth about $11,865,000. Franklin Resources Inc. grew its holdings in shares of C.H. Robinson Worldwide by 59.6% in the third quarter. Franklin Resources Inc. now owns 73,293 shares of the transportation company’s stock valued at $8,074,000 after acquiring an additional 27,370 shares in the last quarter. Tidal Investments LLC increased its position in shares of C.H. Robinson Worldwide by 50.5% during the third quarter. Tidal Investments LLC now owns 22,286 shares of the transportation company’s stock valued at $2,460,000 after acquiring an additional 7,482 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in C.H. Robinson Worldwide by 2.3% during the third quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock worth $717,000 after acquiring an additional 144 shares during the period. Finally, TCW Group Inc. lifted its holdings in C.H. Robinson Worldwide by 12.7% during the third quarter. TCW Group Inc. now owns 28,565 shares of the transportation company’s stock worth $3,153,000 after acquiring an additional 3,209 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Stock Down 1.3 %

Shares of CHRW traded down $1.50 on Monday, reaching $109.88. The company’s stock had a trading volume of 599,297 shares, compared to its average volume of 1,501,798. The stock has a market capitalization of $12.99 billion, a PE ratio of 38.54, a PEG ratio of 1.25 and a beta of 0.83. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $114.82. The firm has a fifty day moving average of $108.09 and a 200-day moving average of $99.61.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts predict that C.H. Robinson Worldwide will post 4.38 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is 85.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CHRW shares. Susquehanna reduced their price objective on shares of C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. UBS Group upgraded C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $140.00 in a report on Friday, October 4th. Stifel Nicolaus boosted their price objective on C.H. Robinson Worldwide from $107.00 to $112.00 and gave the company a “hold” rating in a research note on Monday. Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. Finally, Barclays boosted their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average target price of $112.88.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.