Short Interest in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Declines By 12.0%

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 4,260,000 shares, a decrease of 12.0% from the October 15th total of 4,840,000 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average trading volume of 1,240,000 shares, the days-to-cover ratio is currently 3.4 days.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The shares were 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 approximately $7,794,507.41. This represents a 12.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.47% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of CHRW. Venturi Wealth Management LLC increased its position in C.H. Robinson Worldwide by 83.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in C.H. Robinson Worldwide by 168.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 295 shares of the transportation company’s stock worth $26,000 after acquiring an additional 185 shares in the last quarter. Quent Capital LLC increased its holdings in shares of C.H. Robinson Worldwide by 94.8% in the second quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 146 shares during the last quarter. Quarry LP grew its stake in shares of C.H. Robinson Worldwide by 76.7% in the third quarter. Quarry LP now owns 394 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 171 shares in the last quarter. Finally, Eastern Bank acquired a new stake in C.H. Robinson Worldwide during the third quarter worth about $54,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Trading Down 0.2 %

CHRW stock traded down $0.20 on Monday, hitting $109.99. 629,391 shares of the company were exchanged, compared to its average volume of 1,526,023. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $113.10. The business’s fifty day moving average is $106.92 and its two-hundred day moving average is $96.33. The stock has a market capitalization of $13.00 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 1.27 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts forecast that C.H. Robinson Worldwide will post 4.37 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Wall Street Analyst Weigh In

CHRW has been the topic of several analyst reports. Barclays boosted 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. Wells Fargo & Company raised their price objective on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $140.00 in a report on Friday, October 4th. Citigroup raised shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $127.00 in a research note on Tuesday, November 12th. Finally, BMO Capital Markets lifted their price target on shares of C.H. Robinson Worldwide from $92.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. 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’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide has an average rating of “Hold” and a consensus target price of $107.63.

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.