C.H. Robinson Worldwide (NASDAQ:CHRW) Shares Down 6.7% – Here’s Why

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) fell 6.7% during mid-day trading on Monday . The company traded as low as $174.41 and last traded at $173.9780. 1,825,877 shares were traded during mid-day trading, a decline of 9% from the average session volume of 1,999,736 shares. The stock had previously closed at $186.51.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research note on Tuesday. BMO Capital Markets boosted their price objective on shares of C.H. Robinson Worldwide from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, July 13th. Wells Fargo & Company upped their target price on shares of C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $220.00 price target on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Finally, Stifel Nicolaus increased their price target on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.84.

C.H. Robinson Worldwide Trading Down 2.0%

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The business’s 50-day moving average is $187.55 and its two-hundred day moving average is $180.93. The firm has a market cap of $19.56 billion, a P/E ratio of 33.62, a P/E/G ratio of 1.50 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 EPS. As a group, analysts predict that C.H. Robinson Worldwide, Inc. will post 6.12 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.5%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 51.01%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently bought and sold shares of the company. Wedge Capital Management L L P NC grew its holdings in C.H. Robinson Worldwide by 0.6% during the second quarter. Wedge Capital Management L L P NC now owns 50,211 shares of the transportation company’s stock worth $9,457,000 after purchasing an additional 297 shares during the period. Handelsbanken Fonder AB lifted its holdings in C.H. Robinson Worldwide by 12.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 36,800 shares of the transportation company’s stock valued at $6,931,000 after purchasing an additional 4,000 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in C.H. Robinson Worldwide by 2.8% during the second quarter. Contravisory Investment Management Inc. now owns 6,164 shares of the transportation company’s stock worth $1,161,000 after purchasing an additional 167 shares during the period. Sax Wealth Advisors LLC bought a new position in C.H. Robinson Worldwide during the second quarter worth $286,000. Finally, Czech National Bank increased its holdings in shares of C.H. Robinson Worldwide by 3.9% in the second quarter. Czech National Bank now owns 33,551 shares of the transportation company’s stock valued at $6,319,000 after purchasing an additional 1,245 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.