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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 7,454,854 shares, a decline of 13.9% from the January 15th total of 8,661,243 shares. Currently, 6.4% of the company’s stock are short sold. Based on an average trading volume of 2,394,604 shares, the days-to-cover ratio is currently 3.1 days. Based on an average trading volume of 2,394,604 shares, the days-to-cover ratio is currently 3.1 days. Currently, 6.4% of the company’s stock are short sold.

Insider Activity

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 8,579 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $200.52, for a total value of $1,720,261.08. Following the completion of the transaction, the insider owned 55,611 shares in the company, valued at approximately $11,151,117.72. This represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael D. Castagnetto sold 2,849 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $194.20, for a total transaction of $553,275.80. Following the completion of the sale, the insider directly owned 28,149 shares in the company, valued at $5,466,535.80. This represents a 9.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have bought 2,422 shares of company stock worth $400,801 and have sold 21,416 shares worth $4,157,630. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Jackson Hole Trust purchased a new position in C.H. Robinson Worldwide during the fourth quarter valued at $25,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of C.H. Robinson Worldwide in the third quarter worth about $27,000. DV Equities LLC purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of C.H. Robinson Worldwide during the 2nd quarter valued at about $30,000. Finally, Clearstead Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 110.3% during the 3rd quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CHRW shares. TD Cowen raised their price objective on C.H. Robinson Worldwide from $165.00 to $194.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $215.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Stephens set a $173.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, October 30th. Benchmark raised their price objective on shares of C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Bank of America upped their target price on shares of C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, December 24th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.29.

C.H. Robinson Worldwide Stock Up 0.8%

C.H. Robinson Worldwide stock opened at $177.38 on Wednesday. C.H. Robinson Worldwide has a one year low of $84.68 and a one year high of $203.34. The stock has a fifty day moving average of $174.56 and a 200 day moving average of $149.59. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.59 and a current ratio of 1.53. The stock has a market cap of $20.96 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 1.85 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the company posted $1.21 EPS. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that C.H. Robinson Worldwide will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a $0.63 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.52 annualized dividend and a yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.17%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.