By otakuyassine3@gmail.com 
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Get Free Report) was the recipient of a large growth in short interest in 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. Currently, 4.0% of the shares of the stock are short sold. Based on an average trading volume of 1,290,000 shares, the days-to-cover ratio is presently 3.7 days.
C.H. Robinson Worldwide Stock Performance
Shares of NASDAQ CHRW opened at $110.11 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $108.16 and a 200-day moving average of $99.79. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $114.82. The company has a market capitalization of $13.02 billion, a P/E ratio of 38.10, a P/E/G ratio of 1.25 and a beta of 0.83.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. As a group, equities research analysts predict that C.H. Robinson Worldwide will post 4.38 EPS for the current year.
C.H. Robinson Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.62 dividend. The ex-dividend date is Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.25%. C.H. Robinson Worldwide’s payout ratio is presently 85.81%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of C.H. Robinson Worldwide from $107.00 to $112.00 and gave the stock a “hold” rating in a research report on Monday. Susquehanna decreased their price objective on C.H. Robinson Worldwide from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Citigroup lowered C.H. Robinson Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. Robert W. Baird upped their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $118.00 to $130.00 in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, C.H. Robinson Worldwide has an average rating of “Hold” and a consensus target price of $112.88.
Get Our Latest Research Report on CHRW
Insider Buying and Selling at C.H. Robinson Worldwide
In other news, insider Michael John Short sold 10,408 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 70,943 shares of the company’s stock, valued at $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.47% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. increased its holdings in C.H. Robinson Worldwide by 7.1% in the 3rd quarter. D.A. Davidson & CO. now owns 6,709 shares of the transportation company’s stock valued at $741,000 after buying an additional 443 shares during the period. Chesapeake Capital Corp IL bought a new position in C.H. Robinson Worldwide in the third quarter valued at approximately $835,000. abrdn plc lifted its stake in C.H. Robinson Worldwide by 2.6% during the third quarter. abrdn plc now owns 508,803 shares of the transportation company’s stock worth $55,818,000 after purchasing an additional 12,992 shares during the last quarter. Forsta AP Fonden increased its stake in shares of C.H. Robinson Worldwide by 113.2% in the 3rd quarter. Forsta AP Fonden now owns 82,500 shares of the transportation company’s stock valued at $9,106,000 after purchasing an additional 43,800 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of C.H. Robinson Worldwide by 62.3% during the 3rd quarter. Victory Capital Management Inc. now owns 32,158 shares of the transportation company’s stock worth $3,549,000 after buying an additional 12,348 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.
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.
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