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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 4,730,000 shares, a growth of 9.0% from the November 15th total of 4,340,000 shares. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is presently 3.7 days. Approximately 4.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. TD Cowen raised their target price on shares of C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research note on Friday. BMO Capital Markets raised their target price on C.H. Robinson Worldwide from $115.00 to $118.00 and gave the stock a “market perform” rating in a research report on Friday. Susquehanna lowered their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Robert W. Baird increased their target price on shares of C.H. Robinson Worldwide from $115.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Barclays increased their target price on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Hold” and an average target price of $112.88.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in shares of C.H. Robinson Worldwide by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company’s stock worth $436,648,000 after purchasing an additional 142,116 shares during the period. Geode Capital Management LLC increased its holdings in C.H. Robinson Worldwide by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,104,011 shares of the transportation company’s stock valued at $341,555,000 after buying an additional 42,189 shares during the period. FMR LLC raised its position in shares of C.H. Robinson Worldwide by 2,259.1% in the 3rd quarter. FMR LLC now owns 2,557,791 shares of the transportation company’s stock valued at $282,303,000 after buying an additional 2,449,367 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock worth $222,837,000 after acquiring an additional 526,872 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of C.H. Robinson Worldwide by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company’s stock worth $155,149,000 after acquiring an additional 153,654 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Down 1.1 %

CHRW traded down $1.27 during trading on Monday, hitting $110.11. The company had a trading volume of 1,064,822 shares, compared to its average volume of 1,501,798. The firm’s 50-day moving average price is $108.09 and its 200 day moving average price is $99.61. The company has a market capitalization of $13.02 billion, a PE ratio of 38.54, a PEG ratio of 1.25 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. C.H. Robinson Worldwide’s revenue was up 7.0% on a year-over-year basis. As a group, equities analysts expect that C.H. Robinson Worldwide will post 4.38 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

C.H. Robinson Worldwide Company Profile

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.