C.H. Robinson Worldwide Inc (NASDAQ:CHRW) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 5,303 call options on the company. This represents an increase of 120% compared to the typical daily volume of 2,410 call options.
In related news, insider Mac S. Pinkerton sold 500 shares of C.H. Robinson Worldwide stock in a transaction on Monday, August 31st. The shares were sold at an average price of $98.06, for a total value of $49,030.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chris Obrien sold 31,199 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $95.41, for a total transaction of $2,976,696.59. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,376 shares of company stock worth $3,276,535. 1.82% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Eagle Investment Management LLC increased its position in C.H. Robinson Worldwide by 25.6% in the first quarter. First Eagle Investment Management LLC now owns 10,737,988 shares of the transportation company's stock worth $710,855,000 after buying an additional 2,190,937 shares during the period. APG Asset Management N.V. raised its position in shares of C.H. Robinson Worldwide by 11,322.1% during the first quarter. APG Asset Management N.V. now owns 877,900 shares of the transportation company's stock worth $68,013,000 after acquiring an additional 870,214 shares during the last quarter. Invesco Ltd. raised its position in shares of C.H. Robinson Worldwide by 34.5% during the first quarter. Invesco Ltd. now owns 2,064,885 shares of the transportation company's stock worth $136,696,000 after acquiring an additional 529,916 shares during the last quarter. Morgan Stanley raised its position in shares of C.H. Robinson Worldwide by 93.1% during the first quarter. Morgan Stanley now owns 1,057,529 shares of the transportation company's stock worth $70,009,000 after acquiring an additional 509,930 shares during the last quarter. Finally, State Street Corp raised its position in shares of C.H. Robinson Worldwide by 5.6% during the first quarter. State Street Corp now owns 9,202,429 shares of the transportation company's stock worth $609,201,000 after acquiring an additional 490,115 shares during the last quarter. 94.15% of the stock is owned by institutional investors.
Several equities research analysts have commented on CHRW shares. Stephens restated a "buy" rating and set a $84.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, May 21st. UBS Group boosted their target price on shares of C.H. Robinson Worldwide from $94.00 to $101.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Robert W. Baird lowered shares of C.H. Robinson Worldwide from an "outperform" rating to a "neutral" rating and set a $98.00 target price on the stock. in a research report on Monday, August 17th. BidaskClub upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Wolfe Research lowered shares of C.H. Robinson Worldwide from a "peer perform" rating to an "underperform" rating in a research report on Tuesday, July 7th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company's stock. The company has an average rating of "Hold" and an average target price of $84.40.
CHRW stock traded up $0.08 during trading on Wednesday, hitting $104.14. The stock had a trading volume of 22,119 shares, compared to its average volume of 1,183,199. The company's 50 day moving average price is $96.26 and its two-hundred day moving average price is $79.91. C.H. Robinson Worldwide has a 1-year low of $56.94 and a 1-year high of $104.87. The stock has a market cap of $13.58 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.56 and a current ratio of 1.56.
C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Tuesday, July 28th. The transportation company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.52. C.H. Robinson Worldwide had a net margin of 3.10% and a return on equity of 28.22%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the company posted $1.22 EPS. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. As a group, sell-side analysts forecast that C.H. Robinson Worldwide will post 3.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, September 3rd. C.H. Robinson Worldwide's dividend payout ratio is currently 48.69%.
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.
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5 Oil Stocks That May Not Survive the Current Crisis
What would you think of the long-term prospects of a business that paid you to buy their products? That’s an oversimplification of what occurred to the May futures contract for oil on April 20. The price for that contract sold for a negative price for the first time in history.
The crisis befalling the oil companies at this time can best be described as “only the strongest survive.” There’s just no way the oil companies can possibly handle month after month of rock-bottom oil prices.
The problem is almost comically simple to understand. There is a massively reduced demand for oil as millions of Americans are following mitigation orders ranging from social distancing guidelines to more restrictive shelter in place orders. At the same time, the market is trying to absorb the oversupply of oil that came from Russia and Saudi Arabia.
However, when the year started, things looked like it might be business as usual for oil producers. The U.S. economy was humming along and there was talk that the second half of the year might finally bring the boost to oil prices that many companies badly needed.
However, since the middle of February, the bottom has dropped out of the market in general, and oil prices have been one of the main sectors to feel the impact.
Initially, investors tried to remain optimistic. A month ago, investors thought that the economy might be reopening sooner rather than later. However, the exact timing of the reopening is about as fluid as a barrel of oil. And with it looking more likely that there will be more demand destruction at least through May, there’s very little to prop up the stock of any oil companies.
And that means that, in all likelihood, there will not be room left for some oil companies. We’ve highlighted five oil stocks that have a strong probability of not surviving the chaos surrounding the coronavirus and our nation’s response.
View the "5 Oil Stocks That May Not Survive the Current Crisis".