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

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 trading hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CHRW. StockNews.com lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Bank of America dropped their target price on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underperform” rating for the company in a report on Monday. Barclays reiterated an “underweight” rating and set a $65.00 target price (down from $80.00) on shares of C.H. Robinson Worldwide in a report on Monday, April 1st. Stifel Nicolaus increased their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Finally, Wells Fargo & Company dropped their target price on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Thursday, February 1st. Seven investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.21.

C.H. Robinson Worldwide Trading Up 1.5 %

The company has a market capitalization of $8.17 billion, a P/E ratio of 25.78, a P/E/G ratio of 3.49 and a beta of 0.72. The stock’s 50 day moving average is $72.99 and its 200-day moving average is $80.11. 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 released its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.35 billion. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 3.24 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced 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. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s dividend payout ratio is 90.04%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the business. Montag A & Associates Inc. bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $30,000. Penserra Capital Management LLC bought a new position in shares of C.H. Robinson Worldwide during the first quarter valued at approximately $30,000. Quarry LP bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $30,000. Larson Financial Group LLC bought a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $31,000. Finally, Pacific Center for Financial Services bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $34,000. Institutional investors 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.