C.H. Robinson Worldwide (NASDAQ:CHRW) Sets New 1-Year Low After Analyst Downgrade

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) hit a new 52-week low during mid-day trading on Monday after Bank of America lowered their price target on the stock from $70.00 to $68.00. Bank of America currently has an underperform rating on the stock. C.H. Robinson Worldwide traded as low as $69.09 and last traded at $69.21, with a volume of 448522 shares. The stock had previously closed at $70.48.

CHRW has been the subject of a number of other reports. Barclays reissued an “underweight” rating and issued a $65.00 price target (down from $80.00) on shares of C.H. Robinson Worldwide in a report on Monday, April 1st. BMO Capital Markets lowered their price objective on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday, February 1st. Stifel Nicolaus boosted their price target on 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. BNP Paribas reissued a “neutral” rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, March 27th. Finally, Wells Fargo & Company decreased their target price on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Thursday, February 1st. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $81.21.

Institutional Trading of C.H. Robinson Worldwide

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

C.H. Robinson Worldwide Stock Down 1.6 %

The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.55 and a beta of 0.72. The stock has a fifty day moving average of $73.18 and a 200-day moving average of $80.26.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results 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 business had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. As a group, sell-side analysts expect that C.H. Robinson Worldwide, Inc. will post 3.31 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $0.61 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.44 dividend on an annualized basis and a yield of 3.59%. C.H. Robinson Worldwide’s payout ratio is 90.04%.

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.