Shares of the company are trading at $78.43 marginally over $74.90, the stock’s 50 day moving average and which is impressively higher than the 200 day moving average of $70.68. The 50 day moving average was up $3.53 or +4.71% whereas the 200 day average was up by +10.97%. Trading was light with 1,471K shares changing hands in the last trading session. Overall, volume was down 10.46% under the stocks normal daily volume.
Traders are feeling more bullish on the company if you pay attention to the motion in short interest. The stock had a fall in short interest between September 15, 2017 and September 29, 2017 of -5.62%. Short shares fell 1,208,377 over that timeframe. Days to cover increased 3.0 to 15.0 and the short interest percentage is 0.14% as of September 29.
The following firms have recently changed their position in CHRW. As of the end of the quarter Farmers & Merchants Investments Inc had bought 15 shares growing its stake by 1.8%. The value of the total investment in C.H. Robinson Worldwide, Inc. increased from $57,000 to $64,000 increasing 12.3% for the reporting period. State Treasurer State Of Michigan divested its ownership by shedding 335,000 shares a decrease of 88.7% in the quarter. State Treasurer State Of Michigan now controls 42,629 shares worth $3,244,000. The total value of its holdings decreased 87.5%.
As of quarter end Shell Asset Management CO had disposed of a total of 3,696 shares trimming its position 6.2%. The value of the investment in (CHRW) went from $4,071,000 to $4,229,000 a change of $158,000 since the last quarter. Robeco Institutional Asset Management B.v. reduced its stake by selling 4,632 shares a decrease of 16.0% as of 09/30/2017. Robeco Institutional Asset Management B.v. owns 24,357 shares with a value of $1,854,000. The value of the position overall is down by 6.8%.
On July 21 Deutsche Bank held the stock rating at “Hold” and lowered the price target to $60.00 from $71.00. On July 26 the stock rating was upgraded to “Outperform” from “Market Perform” by analysts at BMO Capital.
On September 5 the company was changed to “Neutral” in a report from UBS which is up from the previous “Underweight” rating. October 2 investment analysts at Barclays kept the company rating at “Equal-Weight” but lowered the price expectation from $72.00 to $70.00.
On October 3, 2017 the stock rating was set at “Market Perform” according to a BMO Capital report down from the previous “Outperform” rating. On October 10 the company was upgraded from “Underperform” to “Buy” by Bank of America.
In the market the company is trading up by 0.17% percent from yesterday’s close. C.H. Robinson Worldwide, Inc. announced a dividend that was paid on Friday the 29th of September 2017. The dividend payment was $0.450 per share for the quarter which is $1.80 annualized. This dividend represents a yield of $2.30 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 30th of August 2017.
The company currently has a P/E ratio of 23.00 and the market cap is 11.01B. In the last earnings report the EPS was $3.41 and is projected to be $3.27 for the current year with 140,386,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.81 and the next full year EPS is anticipated to be $3.64.
C.H. Robinson Worldwide, Inc. (C.H. Robinson), launched on August 11, 1997, is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of a range of industries. The Business’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate. It operates through a network of offices in North America, Europe, Asia, Australia, New Zealand and South America. The Company also develops global transportation and distribution networks to provide transportation and supply chain services throughout the world..