C.H. Robinson Worldwide (NASDAQ:CHRW) Shares Gap Down to $67.89

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) gapped down before the market opened on Wednesday . The stock had previously closed at $67.89, but opened at $66.08. C.H. Robinson Worldwide shares last traded at $67.63, with a volume of 371,284 shares.

Analysts Set New Price Targets

A number of research firms recently commented on CHRW. BMO Capital Markets dropped their price target on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday, February 1st. Bank of America lowered their price objective on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a research report on Monday. BNP Paribas reissued a “neutral” rating and issued a $76.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Susquehanna boosted their price objective on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. Finally, Stifel Nicolaus boosted their price objective on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Seven equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $81.21.

C.H. Robinson Worldwide Stock Performance

The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $8.17 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 3.49 and a beta of 0.72. The firm’s 50 day moving average is $72.99 and its 200 day moving average is $80.11.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.30). The firm had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. Analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.24 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.44 dividend on an annualized basis and a yield of 3.49%. C.H. Robinson Worldwide’s payout ratio is 90.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CHRW. Norges Bank acquired a new position in C.H. Robinson Worldwide during the 4th quarter valued at approximately $70,174,000. State Street Corp increased its stake in C.H. Robinson Worldwide by 4.3% during the 1st quarter. State Street Corp now owns 8,916,720 shares of the transportation company’s stock valued at $891,417,000 after purchasing an additional 365,084 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in C.H. Robinson Worldwide during the 4th quarter valued at approximately $26,861,000. Bank of America Corp DE increased its stake in C.H. Robinson Worldwide by 64.9% during the 1st quarter. Bank of America Corp DE now owns 779,362 shares of the transportation company’s stock valued at $77,445,000 after purchasing an additional 306,755 shares in the last quarter. Finally, Pinebridge Investments L.P. increased its stake in C.H. Robinson Worldwide by 105.5% during the 4th quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company’s stock valued at $51,286,000 after purchasing an additional 304,709 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

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.