C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Sees Significant Growth in Short Interest

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C.H. Robinson Worldwide Inc (NASDAQ:CHRW) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 19,580,700 shares, an increase of 22.9% from the July 31st total of 15,933,000 shares. Currently, 14.6% of the shares of the company are sold short. Based on an average trading volume of 1,310,000 shares, the short-interest ratio is presently 14.9 days.

A number of equities analysts have weighed in on CHRW shares. Citigroup cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research report on Friday, July 26th. Morgan Stanley set a $65.00 price objective on shares of C.H. Robinson Worldwide and gave the stock a “sell” rating in a research report on Monday, July 8th. Finally, BidaskClub cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $89.44.

In related news, insider John Wiehoff sold 8,392 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 34,499 shares in the company, valued at approximately $2,964,499.07. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ben G. Campbell sold 20,425 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $84.00, for a total transaction of $1,715,700.00. Following the completion of the transaction, the insider now owns 43,006 shares of the company’s stock, valued at $3,612,504. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,173 shares of company stock valued at $3,825,122. Company insiders own 1.65% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Farmers National Bank purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $26,000. Berman Capital Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 245.3% during the second quarter. Berman Capital Advisors LLC now owns 328 shares of the transportation company’s stock worth $27,000 after buying an additional 233 shares in the last quarter. Bremer Bank National Association purchased a new stake in shares of C.H. Robinson Worldwide during the first quarter worth $36,000. Meeder Asset Management Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the second quarter worth $42,000. Finally, Signaturefd LLC grew its holdings in shares of C.H. Robinson Worldwide by 98.9% during the second quarter. Signaturefd LLC now owns 527 shares of the transportation company’s stock worth $44,000 after buying an additional 262 shares in the last quarter. 90.80% of the stock is owned by institutional investors and hedge funds.

Shares of C.H. Robinson Worldwide stock traded up $0.58 during trading hours on Friday, reaching $87.03. 51,039 shares of the company’s stock were exchanged, compared to its average volume of 1,153,884. C.H. Robinson Worldwide has a 1 year low of $77.72 and a 1 year high of $100.54. The company has a market capitalization of $11.74 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 2.02 and a beta of 0.65. The business has a fifty day moving average of $83.77 and a two-hundred day moving average of $84.82. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.76.

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, hitting the Zacks’ consensus estimate of $1.22. C.H. Robinson Worldwide had a net margin of 4.31% and a return on equity of 42.88%. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, research analysts predict that C.H. Robinson Worldwide will post 4.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, September 5th. C.H. Robinson Worldwide’s payout ratio is 42.28%.

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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