C.H. Robinson Worldwide Target of Unusually Large Options Trading (CHRW)

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) was the recipient of unusually large options trading on Friday. Traders bought 10,691 call options on the stock. This is an increase of 554% compared to the average volume of 1,634 call options.

Several analysts have commented on the company. Cowen and Company raised C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $68.00 to $87.00 in a report on Monday. KeyCorp restated a “buy” rating and issued a $85.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, October 12th. J P Morgan Chase & Co lifted their price objective on C.H. Robinson Worldwide from $63.00 to $71.00 and gave the stock an “underweight” rating in a research report on Thursday, October 12th. Credit Suisse Group restated a “sell” rating and issued a $68.00 target price (up previously from $63.00) on shares of C.H. Robinson Worldwide in a research report on Thursday, October 12th. They noted that the move was a valuation call. Finally, Bank of America Corporation upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their target price for the company from $70.00 to $86.00 in a research report on Tuesday, October 10th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $75.50.

Shares of C.H. Robinson Worldwide (NASDAQ CHRW) opened at 76.02 on Wednesday. The stock’s 50 day moving average price is $73.90 and its 200 day moving average price is $70.65. The firm has a market capitalization of $10.67 billion, a P/E ratio of 22.29 and a beta of 0.42. C.H. Robinson Worldwide has a 52 week low of $63.41 and a 52 week high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.12). The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.63 billion. C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. On average, analysts predict that C.H. Robinson Worldwide will post $3.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Wednesday, August 30th. C.H. Robinson Worldwide’s dividend payout ratio is 52.94%.

In related news, VP Angela K. Freeman sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.85% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. QS Investors LLC increased its holdings in shares of C.H. Robinson Worldwide by 0.3% during the 2nd quarter. QS Investors LLC now owns 5,793 shares of the transportation company’s stock worth $398,000 after purchasing an additional 17 shares during the period. Dynamic Advisors Solutions LLC increased its holdings in shares of C.H. Robinson Worldwide by 0.4% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 8,222 shares of the transportation company’s stock worth $565,000 after purchasing an additional 35 shares during the period. Sentry Investment Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 0.6% during the 2nd quarter. Sentry Investment Management LLC now owns 6,057 shares of the transportation company’s stock worth $416,000 after purchasing an additional 39 shares during the period. New Amsterdam Partners LLC NY increased its holdings in shares of C.H. Robinson Worldwide by 0.7% during the 2nd quarter. New Amsterdam Partners LLC NY now owns 5,844 shares of the transportation company’s stock worth $401,000 after purchasing an additional 40 shares during the period. Finally, Lincoln Capital LLC increased its holdings in shares of C.H. Robinson Worldwide by 0.5% during the 2nd quarter. Lincoln Capital LLC now owns 10,085 shares of the transportation company’s stock worth $693,000 after purchasing an additional 49 shares during the period. Institutional investors own 89.95% of the company’s stock.

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About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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