Short Interest in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Decreases By 10.4%

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) saw a significant decline in short interest during the month of 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 shares of the stock are short sold. Based on an average trading volume of 1,310,000 shares, the short-interest ratio is presently 3.7 days.

Analysts Set New Price Targets

A number of analysts recently commented on the company. TD Cowen lifted their price objective on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. The Goldman Sachs Group upped their price objective on shares of C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Barclays lifted their target price on shares of 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. Finally, Citigroup began coverage on C.H. Robinson Worldwide in a research note on Wednesday, October 9th. They set a “neutral” rating and a $115.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $100.29.

Insider Buying and Selling at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the transaction, the insider now directly owns 70,943 shares of the company’s stock, valued at $6,979,372.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of CHRW. Quent Capital LLC lifted its position in shares of C.H. Robinson Worldwide by 94.8% during the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in C.H. Robinson Worldwide by 168.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after buying an additional 185 shares during the period. Sentry Investment Management LLC acquired a new position in C.H. Robinson Worldwide in the 1st quarter worth $49,000. Eastern Bank purchased a new position in C.H. Robinson Worldwide in the 3rd quarter valued at about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at about $55,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Trading Down 0.9 %

Shares of C.H. Robinson Worldwide stock traded down $0.94 during trading hours on Tuesday, hitting $108.00. The company’s stock had a trading volume of 1,091,476 shares, compared to its average volume of 1,526,927. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $12.65 billion, a PE ratio of 42.69, a P/E/G ratio of 2.19 and a beta of 0.82. The business has a fifty day moving average of $105.51 and a 200 day moving average of $92.72. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $113.10.

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

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 6th. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a yield of 2.30%. C.H. Robinson Worldwide’s payout ratio is 98.02%.

About C.H. Robinson Worldwide

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.