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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 4,840,000 shares, a decline of 10.4% from the September 30th total of 5,400,000 shares. Approximately 4.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,310,000 shares, the days-to-cover ratio is currently 3.7 days.

C.H. Robinson Worldwide Stock Performance

CHRW traded down $0.94 on Tuesday, hitting $108.00. 1,091,476 shares of the company traded hands, compared to its average volume of 1,526,927. The company has a 50 day moving average of $105.51 and a 200-day moving average of $92.72. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $113.10. The stock has a market capitalization of $12.65 billion, a PE ratio of 42.69, a PEG ratio of 2.19 and a beta of 0.82. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.96 by $0.19. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. Sell-side analysts anticipate that C.H. Robinson Worldwide will post 4.13 earnings per share for the current year.

C.H. Robinson Worldwide Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a $0.62 dividend. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.30%. C.H. Robinson Worldwide’s payout ratio is presently 98.02%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. The Goldman Sachs Group lifted their price target on C.H. Robinson Worldwide from $90.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Barclays boosted their target price on C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Wells Fargo & Company increased their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Finally, UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $100.29.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the transaction, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Quent Capital LLC raised its stake in shares of C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after buying an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in C.H. Robinson Worldwide by 168.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after acquiring an additional 185 shares in the last quarter. Sentry Investment Management LLC purchased a new position in C.H. Robinson Worldwide in the first quarter worth $49,000. Eastern Bank acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter worth $55,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

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.