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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 7,140,000 shares, a drop of 17.1% from the May 31st total of 8,610,000 shares. Currently, 6.2% of the company’s stock are sold short. Based on an average daily volume of 1,650,000 shares, the days-to-cover ratio is currently 4.3 days.

Analyst Ratings Changes

CHRW has been the subject of a number of recent analyst reports. Evercore ISI upgraded C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $82.00 to $99.00 in a research note on Tuesday, June 25th. Raymond James began coverage on C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They set a “market perform” rating for the company. Susquehanna lifted their target price on C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. UBS Group upgraded C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $71.00 to $90.00 in a research report on Thursday, June 6th. Finally, TD Cowen lifted their target price on C.H. Robinson Worldwide from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.38.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded down $1.31 during mid-day trading on Monday, hitting $86.81. 907,303 shares of the company’s stock traded hands, compared to its average volume of 1,672,699. The firm has a 50 day moving average price of $83.03 and a 200 day moving average price of $79.77. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. The company has a market cap of $10.17 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 2.61 and a beta of 0.80. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.26. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. On average, equities analysts forecast that C.H. Robinson Worldwide will post 3.59 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, June 7th. C.H. Robinson Worldwide’s payout ratio is currently 96.44%.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of C.H. Robinson Worldwide by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after buying an additional 177,119 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company’s stock worth $874,548,000 after buying an additional 2,003,158 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of C.H. Robinson Worldwide by 13,682.5% in the 1st quarter. Van ECK Associates Corp now owns 2,662,511 shares of the transportation company’s stock worth $202,723,000 after buying an additional 2,643,193 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of C.H. Robinson Worldwide by 5.0% in the 1st quarter. ProShare Advisors LLC now owns 2,001,915 shares of the transportation company’s stock worth $152,426,000 after buying an additional 94,616 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of C.H. Robinson Worldwide by 4.1% in the 4th quarter. Wellington Management Group LLP now owns 1,755,858 shares of the transportation company’s stock worth $151,689,000 after buying an additional 68,491 shares in the last quarter. Institutional investors 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.