C.H. Robinson Worldwide Sees Unusually Large Options Volume (NASDAQ:CHRW)

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) saw some unusual options trading activity on Monday. Investors bought 35,554 put options on the company. This is an increase of 943% compared to the average volume of 3,409 put options.

Institutional investors have recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC raised its position in C.H. Robinson Worldwide by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,511 shares of the transportation company’s stock valued at $117,000 after buying an additional 712 shares in the last quarter. IFP Advisors Inc raised its position in C.H. Robinson Worldwide by 4.8% in the first quarter. IFP Advisors Inc now owns 1,609 shares of the transportation company’s stock valued at $124,000 after buying an additional 73 shares in the last quarter. Integrated Investment Consultants LLC raised its position in C.H. Robinson Worldwide by 8.5% in the first quarter. Integrated Investment Consultants LLC now owns 1,925 shares of the transportation company’s stock valued at $149,000 after buying an additional 150 shares in the last quarter. Van ECK Associates Corp raised its position in C.H. Robinson Worldwide by 6.6% in the first quarter. Van ECK Associates Corp now owns 2,561 shares of the transportation company’s stock valued at $198,000 after buying an additional 159 shares in the last quarter. Finally, NEXT Financial Group Inc raised its position in C.H. Robinson Worldwide by 7.8% in the second quarter. NEXT Financial Group Inc now owns 2,895 shares of the transportation company’s stock valued at $199,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 90.70% of the company’s stock.

C.H. Robinson Worldwide (CHRW) traded up 0.10% during mid-day trading on Wednesday, hitting $68.09. 1,214,403 shares of the stock traded hands. The stock has a 50-day moving average of $67.16 and a 200 day moving average of $72.28. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 19.97 and a beta of 0.44. C.H. Robinson Worldwide has a 1-year low of $63.41 and a 1-year high of $81.16.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by $0.12. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $1.00 EPS. On average, equities analysts expect that C.H. Robinson Worldwide will post $3.31 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.65%. C.H. Robinson Worldwide’s dividend payout ratio is currently 52.94%.

CHRW has been the topic of a number of recent analyst reports. Vertical Research raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating and set a $76.00 target price on the stock in a research report on Monday, May 15th. Deutsche Bank AG dropped their target price on shares of C.H. Robinson Worldwide from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. Barclays PLC reaffirmed a “hold” rating and issued a $73.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, April 27th. Stifel Nicolaus dropped their target price on shares of C.H. Robinson Worldwide from $71.00 to $67.00 and set a “hold” rating on the stock in a research report on Thursday, July 20th. Finally, Cowen and Company dropped their target price on shares of C.H. Robinson Worldwide from $73.00 to $68.00 and set a “market perform” rating on the stock in a research report on Friday, July 21st. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $70.10.

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C.H. Robinson Worldwide Company Profile

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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