Investors Purchase Large Volume of Put Options on C.H. Robinson Worldwide (NASDAQ:CHRW)

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRWGet Free Report) was the recipient of unusually large options trading activity on Wednesday. Investors acquired 5,072 put options on the company. This is an increase of 237% compared to the typical volume of 1,507 put options.

C.H. Robinson Worldwide Trading Down 1.3 %

C.H. Robinson Worldwide stock opened at $85.44 on Thursday. The firm has a 50 day simple moving average of $85.22 and a 200-day simple moving average of $79.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $10.01 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 2.56 and a beta of 0.80. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $100.88.

C.H. Robinson Worldwide (NASDAQ:CHRWGet Free Report) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.26. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. As a group, equities research analysts expect that C.H. Robinson Worldwide will post 3.59 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s payout ratio is 96.44%.

Institutional Trading of C.H. Robinson Worldwide

A number of large investors have recently added to or reduced their stakes in the business. Vision Capital Management Inc. boosted its holdings in C.H. Robinson Worldwide by 0.8% during the fourth quarter. Vision Capital Management Inc. now owns 16,605 shares of the transportation company’s stock worth $1,435,000 after buying an additional 129 shares in the last quarter. Empirical Finance LLC lifted its position in shares of C.H. Robinson Worldwide by 3.4% in the 1st quarter. Empirical Finance LLC now owns 4,271 shares of the transportation company’s stock valued at $325,000 after acquiring an additional 140 shares in the last quarter. Quent Capital LLC lifted its position in shares of C.H. Robinson Worldwide by 94.8% in the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 146 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its position in shares of C.H. Robinson Worldwide by 2.9% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,818 shares of the transportation company’s stock valued at $503,000 after acquiring an additional 165 shares in the last quarter. Finally, Redwood Investment Management LLC lifted its position in shares of C.H. Robinson Worldwide by 0.6% in the 1st quarter. Redwood Investment Management LLC now owns 28,147 shares of the transportation company’s stock valued at $2,143,000 after acquiring an additional 165 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CHRW. JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $76.00 to $87.00 in a research report on Tuesday. TD Cowen upped their price objective on shares of C.H. Robinson Worldwide from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Baird R W upgraded shares of C.H. Robinson Worldwide to a “hold” rating in a research note on Wednesday, July 3rd. StockNews.com upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Finally, Wells Fargo & Company began coverage on shares of C.H. Robinson Worldwide in a research note on Friday, June 7th. They set an “equal weight” rating and a $94.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $87.06.

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About C.H. Robinson Worldwide

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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.

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