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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 8,661,243 shares, an increase of 28.9% from the December 31st total of 6,719,058 shares. Currently, 7.4% of the company’s shares are short sold. Based on an average daily volume of 1,767,280 shares, the days-to-cover ratio is currently 4.9 days. Based on an average daily volume of 1,767,280 shares, the days-to-cover ratio is currently 4.9 days. Currently, 7.4% of the company’s shares are short sold.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 2,390 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $161.91, for a total transaction of $386,964.90. Following the transaction, the insider directly owned 55,158 shares of the company’s stock, valued at $8,930,631.78. This represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela K. Freeman sold 49,884 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $149.71, for a total transaction of $7,468,133.64. Following the completion of the sale, the insider directly owned 65,728 shares of the company’s stock, valued at approximately $9,840,138.88. This trade represents a 43.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 53,504 shares of company stock worth $8,070,349. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in CHRW. Vermillion & White Wealth Management Group LLC purchased a new stake in C.H. Robinson Worldwide during the third quarter worth about $27,000. CYBER HORNET ETFs LLC bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter worth approximately $30,000. Clearstead Advisors LLC lifted its stake in C.H. Robinson Worldwide by 110.3% in the third quarter. Clearstead Advisors LLC now owns 244 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. Arlington Trust Co LLC bought a new position in C.H. Robinson Worldwide during the third quarter valued at $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter worth $34,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Stock Up 1.8%

NASDAQ:CHRW traded up $3.55 on Monday, hitting $198.50. The stock had a trading volume of 2,942,466 shares, compared to its average volume of 2,150,513. 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 $23.45 billion, a P/E ratio of 41.10, a price-to-earnings-growth ratio of 2.06 and a beta of 0.89. C.H. Robinson Worldwide has a 1 year low of $84.68 and a 1 year high of $200.32. The firm’s fifty day simple moving average is $166.67 and its two-hundred day simple moving average is $142.13.

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

C.H. Robinson Worldwide Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.62. C.H. Robinson Worldwide’s payout ratio is 52.17%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CHRW shares. Citigroup boosted their target price on C.H. Robinson Worldwide from $177.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on C.H. Robinson Worldwide from $166.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. UBS Group set a $160.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday. Bank of America upped their price objective on shares of C.H. Robinson Worldwide from $167.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, December 24th. Finally, Truist Financial lifted their price objective on shares of C.H. Robinson Worldwide from $190.00 to $210.00 and gave the company a “buy” rating in a report on Thursday. Sixteen equities 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.29.

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.