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.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Susquehanna boosted their price objective on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. StockNews.com cut shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Wolfe Research raised C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. reduced their target price on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. Finally, Bank of America dropped their price target on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating on the stock in a research note on Monday. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $81.21.

C.H. Robinson Worldwide Price Performance

The firm has a market cap of $7.90 billion, a PE ratio of 25.05, a PEG ratio of 3.48 and a beta of 0.72. The company has a 50 day moving average price of $73.18 and a 200 day moving average price of $80.26. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.30). C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The firm had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 3.31 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given 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 3.61%. C.H. Robinson Worldwide’s payout ratio is 90.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CHRW. Montag A & Associates Inc. purchased a new position in shares of C.H. Robinson Worldwide during the 4th quarter worth about $30,000. Penserra Capital Management LLC acquired a new stake in C.H. Robinson Worldwide during the 1st quarter worth approximately $30,000. Quarry LP purchased a new position in C.H. Robinson Worldwide in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC acquired a new position in C.H. Robinson Worldwide during the third quarter valued at approximately $31,000. Finally, Pacific Center for Financial Services purchased a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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.