C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Sees Significant Growth in Short Interest

C.H. Robinson Worldwide Inc (NASDAQ:CHRW) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 19,580,700 shares, a growth of 22.9% from the July 31st total of 15,933,000 shares. Based on an average trading volume of 1,310,000 shares, the short-interest ratio is currently 14.9 days. Approximately 14.6% of the shares of the company are sold short.

Several research analysts have weighed in on the stock. BidaskClub downgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Morgan Stanley set a $65.00 price objective on shares of C.H. Robinson Worldwide and gave the stock a “sell” rating in a research note on Monday, July 8th. Finally, Citigroup cut shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $89.44.

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 16,356 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $84.88, for a total value of $1,388,297.28. Following the transaction, the insider now directly owns 47,594 shares in the company, valued at $4,039,778.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ben G. Campbell sold 20,425 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,715,700.00. Following the completion of the transaction, the insider now owns 43,006 shares in the company, valued at $3,612,504. The disclosure for this sale can be found here. Insiders sold 45,173 shares of company stock worth $3,825,122 over the last quarter. Insiders own 1.65% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farmers National Bank purchased a new position in C.H. Robinson Worldwide during the first quarter valued at $26,000. Berman Capital Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 245.3% in the 2nd quarter. Berman Capital Advisors LLC now owns 328 shares of the transportation company’s stock worth $27,000 after buying an additional 233 shares in the last quarter. Bremer Bank National Association purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter worth $36,000. Meeder Asset Management Inc. purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter worth $42,000. Finally, Signaturefd LLC grew its stake in shares of C.H. Robinson Worldwide by 98.9% in the 2nd quarter. Signaturefd LLC now owns 527 shares of the transportation company’s stock worth $44,000 after buying an additional 262 shares in the last quarter. 90.80% of the stock is owned by institutional investors.

Shares of NASDAQ CHRW traded up $0.58 during midday trading on Friday, reaching $87.03. The stock had a trading volume of 51,039 shares, compared to its average volume of 1,153,884. The stock has a 50-day moving average of $83.77 and a 200-day moving average of $84.82. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market capitalization of $11.74 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 2.02 and a beta of 0.65. C.H. Robinson Worldwide has a 12-month low of $77.72 and a 12-month high of $100.54.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.22. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $4.02 billion. C.H. Robinson Worldwide had a net margin of 4.31% and a return on equity of 42.88%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 earnings per share. As a group, analysts forecast that C.H. Robinson Worldwide will post 4.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 5th. This represents a $2.00 annualized dividend and a yield of 2.30%. C.H. Robinson Worldwide’s payout ratio is 42.28%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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