C.H. Robinson Worldwide, a third-party logistics company, was the target of a large growth in short interest in the month of May. As of May 15, there was short interest totaling 18,209,676 shares, a growth of 21.7 percent from the April 30 total of 14,958,963 shares, AnalystRatingsNetwork.com reports. Currently, 12.6 percent 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 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 27. They now have a $60 price target on the stock, up previously from $57. 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 15. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Thursday, May 1. They now have a $58 price target on the stock. Six equities research analysts have rated the stock with a “sell” rating, 10 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.
C.H. Robinson Worldwide last issued its quarterly earnings data on Tuesday, April 29. 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 percent 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 6 will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.34 percent. The ex-dividend date is Wednesday, June 4.