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

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C.H. Robinson Worldwide Inc (NASDAQ:CHRW) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 15,933,000 shares, a growth of 19.6% from the June 30th total of 13,322,900 shares. Based on an average daily trading volume, of 1,310,000 shares, the short-interest ratio is currently 12.2 days. Currently, 11.8% of the shares of the stock are short sold.

CHRW stock traded up $0.15 during midday trading on Thursday, hitting $82.54. The stock had a trading volume of 67,484 shares, compared to its average volume of 1,667,713. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 1.97 and a beta of 0.65. The company has a current ratio of 1.81, a quick ratio of 1.91 and a debt-to-equity ratio of 0.76. C.H. Robinson Worldwide has a 1-year low of $77.72 and a 1-year high of $101.20. The company’s fifty day moving average price is $83.92.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.22. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $4.02 billion. C.H. Robinson Worldwide had a net margin of 4.31% and a return on equity of 42.88%. C.H. Robinson Worldwide’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 earnings per share. Analysts predict that C.H. Robinson Worldwide will post 4.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $0.50 dividend. The ex-dividend date is Thursday, September 5th. This represents a $2.00 annualized dividend and a yield of 2.42%. C.H. Robinson Worldwide’s payout ratio is 42.28%.

In other C.H. Robinson Worldwide news, insider John Wiehoff sold 8,392 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $85.93, for a total value of $721,124.56. Following the sale, the insider now owns 34,499 shares in the company, valued at $2,964,499.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.65% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Voloridge Investment Management LLC bought a new stake in C.H. Robinson Worldwide in the second quarter valued at $658,000. Waddell & Reed Financial Inc. increased its position in shares of C.H. Robinson Worldwide by 14.0% during the second quarter. Waddell & Reed Financial Inc. now owns 240,779 shares of the transportation company’s stock worth $20,310,000 after acquiring an additional 29,621 shares in the last quarter. Zacks Investment Management increased its position in shares of C.H. Robinson Worldwide by 1.0% during the second quarter. Zacks Investment Management now owns 79,913 shares of the transportation company’s stock worth $6,741,000 after acquiring an additional 773 shares in the last quarter. Foyston Gordon & Payne Inc increased its position in shares of C.H. Robinson Worldwide by 1.4% during the second quarter. Foyston Gordon & Payne Inc now owns 91,062 shares of the transportation company’s stock worth $7,681,000 after acquiring an additional 1,269 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of C.H. Robinson Worldwide by 16,313.0% during the second quarter. Nuveen Asset Management LLC now owns 542,778 shares of the transportation company’s stock worth $45,783,000 after acquiring an additional 539,471 shares in the last quarter. Institutional investors and hedge funds own 86.72% of the company’s stock.

A number of brokerages have recently commented on CHRW. Stephens cut their price target on shares of C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Morgan Stanley set a $65.00 price target on shares of C.H. Robinson Worldwide and gave the stock a “sell” rating in a report on Monday, July 8th. Stifel Nicolaus set a $95.00 price target on shares of C.H. Robinson Worldwide and gave the stock a “buy” rating in a report on Friday, May 3rd. UBS Group lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and cut their price target for the stock from $99.00 to $83.00 in a report on Wednesday, May 1st. Finally, Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $90.20.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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