Short Interest in C.H. Robinson Worldwide Expands By 21.7% (CHRW)
C.H. Robinson Worldwide (NASDAQ:CHRW) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 18,209,676 shares, a growth of 21.7% from the April 30th total of 14,958,963 shares, AnalystRatingsNetwork.com reports. Currently, 12.6% of the company’s shares are sold short. Based on an average daily volume of 1,302,883 shares, the days-to-cover ratio is currently 14.0 days.
A number of analysts have recently weighed in on CHRW shares. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, May 27th. They now have a $60.00 price target on the stock, up previously from $57.00. Separately, analysts at TheStreet upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, May 1st. They now have a $58.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $57.67.
Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) opened at 59.86 on Monday. C.H. Robinson Worldwide has a 1-year low of $50.21 and a 1-year high of $62.46. The stock has a 50-day moving average of $57.96 and a 200-day moving average of $56.15. The company has a market cap of $8.885 billion and a P/E ratio of 22.73.
C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts predict that C.H. Robinson Worldwide will post $2.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Wednesday, June 4th.
C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) is a third party logistics company.
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