C.H. Robinson Worldwide Sees Large Increase In BriefSimply Put Interest (CHRW)

March 10, 2015 Nemes Worldwide News

Shares of CH Robinson Worldwide (NASDAQ: CHRW) were the target of a big boost in short interest in February. Since February 13th, there was short interest totalling 13,815,027 shares, an increase of 45.2 % from the January 30th total of 9,515,243 shares, Stock Scores Network reports. Presently, 9.6 % of the companys stock are brief offered. Based upon a typical everyday trading volume, of 3,778,528 shares, the days-to-cover ratio is currently 3.7 days.

In other CH Robinson Worldwide news, SVP Scott Satterlee offered 5,916 shares of CH Robinson Worldwide stock on the free market in a deal dated Thursday, February 19th. The stock was offered at an average cost of $71.92, for an overall value of $425,478.72. The transaction was revealed in a file submitted with the Securities amp; Exchange Commission, which can be accessed through this link.

A number of experts have actually just recently weighed in on CHRW shares. Analysts at RBC Capital lowered their rate target on shares of CH Robinson Worldwide from $80.00 to $74.00 and set a sector perform score on the stock in a research note on Thursday, February 5th. Experts at BBT Corp. downgraded shares of CH Robinson Worldwide from a buy rating to a hold rating and set a $80.00 rate target on the stock in a research note on Wednesday, February 4th. They kept in mind that the step was a valuation call. Experts at Deutsche Bank stated a hold score and set a $75.00 deal target (up previously from $71.00) on shares of CH Robinson Worldwide in a research study note on Thursday, January 15th. Lastly, analysts at Barclays upgraded shares of CH Robinson Worldwide from an equal weight rating to an overweight rating and raised their price target for the stock from $70.00 to $80.00 in a research note on Monday, January 12th. Two research study experts have ranked the stock with a sell rating, fourteen have actually provided a hold rating and 4 have actually offered a buy rating to the companys stock. CH Robinson Worldwide currently has a consensus rating of Hold and a typical deal target of $72.23.

Shares of CH Robinson Worldwide (NASDAQ: CHRW) opened at 73.55 on Thursday. CH Robinson Worldwide has a 52 week low of $50.21 and a 52 week high of $77.49. The stock has a 50-day moving average of $72.54 and a 200-day moving average of $70.6. The company has a market cap of $10.728 billion and a P/E ratio of 24.26.

CH Robinson Worldwide (NASDAQ: CHRW) last issued its quarterly revenues information on Tuesday, February 3rd. The company reported $0.77 revenues per share (EPS) for the quarter, beating the consensus quote of $0.76 by $0.01. The company had earnings of $3.36 billion for the quarter, as compared to the consensus estimate of $3.33 billion. During the exact same quarter in the previous year, the company posted $0.62 earnings per share. The companys profits for the quarter was up 6.5 % on a year-over-year basis. Usually, experts anticipate that CH Robinson Worldwide will publish $3.42 profits per share for the current financial year.

The company also recently announced a quarterly dividend, which will certainly be paid on Tuesday, March 31st. Investors of record on Friday, March Sixth will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.07 %. The ex-dividend date is Wednesday, March 4th.

CH Robinson Worldwide, Inc (NASDAQ: CHRW) is a third celebration logistics company. The Business supplies freight transport services and logistics solutions to companies of all sizes, in a wide range of industries. The Business operates through a network of 276 offices, which the Company calls branches, in North America, Europe, Asia, South America, and Australia.

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