C.H. Robinson Worldwide Sees Unusually Large Options Volume (CHRW)

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) was the recipient of unusually large options trading activity on Friday. Stock traders acquired 10,691 call options on the company. This represents an increase of 554% compared to the typical daily volume of 1,634 call options.

CHRW has been the topic of a number of recent research reports. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Citigroup Inc. cut their target price on shares of C.H. Robinson Worldwide from $80.00 to $73.00 and set a “neutral” rating on the stock in a research note on Thursday, July 13th. Stifel Nicolaus cut their target price on shares of C.H. Robinson Worldwide from $71.00 to $67.00 and set a “hold” rating on the stock in a research note on Thursday, July 20th. Bank of America Corporation cut their target price on shares of C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, July 20th. Finally, Barclays PLC restated a “hold” rating and set a $67.00 target price (down from $73.00) on shares of C.H. Robinson Worldwide in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $74.53.

C.H. Robinson Worldwide (NASDAQ CHRW) opened at 77.09 on Wednesday. The stock’s 50 day moving average is $72.91 and its 200-day moving average is $70.65. C.H. Robinson Worldwide has a 12 month low of $63.41 and a 12 month high of $81.16. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 22.61 and a beta of 0.41.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, July 19th. The transportation company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.12). C.H. Robinson Worldwide had a net margin of 3.49% and a return on equity of 37.41%. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter last year, the firm posted $1.00 earnings per share. C.H. Robinson Worldwide’s revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts expect that C.H. Robinson Worldwide will post $3.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were issued a $0.45 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.33%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 52.94%.

In related news, VP Angela K. Freeman sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. QS Investors LLC increased its holdings in shares of C.H. Robinson Worldwide by 0.3% in the 2nd quarter. QS Investors LLC now owns 5,793 shares of the transportation company’s stock valued at $398,000 after acquiring an additional 17 shares during the last quarter. Dynamic Advisors Solutions LLC increased its holdings in shares of C.H. Robinson Worldwide by 0.4% in the 2nd quarter. Dynamic Advisors Solutions LLC now owns 8,222 shares of the transportation company’s stock valued at $565,000 after acquiring an additional 35 shares during the last quarter. Sentry Investment Management LLC increased its holdings in shares of C.H. Robinson Worldwide by 0.6% in the 2nd quarter. Sentry Investment Management LLC now owns 6,057 shares of the transportation company’s stock valued at $416,000 after acquiring an additional 39 shares during the last quarter. New Amsterdam Partners LLC NY increased its holdings in shares of C.H. Robinson Worldwide by 0.7% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 5,844 shares of the transportation company’s stock valued at $401,000 after acquiring an additional 40 shares during the last quarter. Finally, Lincoln Capital LLC increased its holdings in shares of C.H. Robinson Worldwide by 0.5% in the 2nd quarter. Lincoln Capital LLC now owns 10,085 shares of the transportation company’s stock valued at $693,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 90.10% of the company’s stock.

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About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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