C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Down 7.3% - What's Next?

Key Points

• Shares fell 7.3% to about $164.41 on Monday on thin trading (281,453 shares vs. a 2.17M average), after closing at $177.30.
• Analyst sentiment is broadly favorable—15 Buys, 6 Holds and 1 Sell—with a consensus target of $192.27 and several recent upward target revisions (e.g., JPMorgan to $196, Wells Fargo to $215, Robert W. Baird $230), though Morgan Stanley is an outlier with an underweight rating and $90 target.
• Recent fundamentals show an EPS beat ($1.35 vs. $1.24) but a slight revenue miss; the company pays a $0.63 quarterly dividend (1.6% yield, 51% payout), insiders sold shares in February, and institutional ownership is about 93%.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) fell 7.3% during trading on Monday . The company traded as low as $164.99 and last traded at $164.4070. 281,453 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 2,170,802 shares. The stock had previously closed at $177.30.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CHRW. JPMorgan Chase & Co. lifted their target price on C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an "overweight" rating in a research report on Thursday. Wells Fargo & Company lifted their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday. Robert W. Baird set a $230.00 target price on C.H. Robinson Worldwide in a research report on Friday. Morgan Stanley lifted their target price on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an "underweight" rating in a research report on Thursday, January 29th. Finally, Stifel Nicolaus lifted their target price on C.H. Robinson Worldwide from $202.00 to $207.00 and gave the company a "buy" rating in a research report on Friday. Fifteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $192.27.

C.H. Robinson Worldwide Stock Performance

The company has a market capitalization of $18.99 billion, a P/E ratio of 32.63, a PEG ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.53. The company has a fifty day moving average price of $175.82 and a two-hundred day moving average price of $167.35.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.11. The company had revenue of $4.01 billion for the quarter, compared to analysts' expectations of $4.05 billion. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The business's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 earnings per share. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.05 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, March 6th. C.H. Robinson Worldwide's payout ratio is 51.01%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,368 shares of the business's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the sale, the insider directly owned 52,101 shares in the company, valued at approximately $10,487,931.30. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela K. Freeman sold 8,579 shares of the business's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $200.52, for a total value of $1,720,261.08. Following the sale, the insider owned 55,611 shares in the company, valued at approximately $11,151,117.72. This trade represents a 13.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders purchased 2,422 shares of company stock valued at $400,801. Corporate insiders own 0.37% of the company's stock.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in CHRW. AMF Tjanstepension AB acquired a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $1,125,000. J. Safra Sarasin Holding AG acquired a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $1,949,000. ARQ Wealth Advisors LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $3,081,000. Diversify Wealth Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter worth approximately $293,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of C.H. Robinson Worldwide by 0.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,632 shares of the transportation company's stock worth $4,589,000 after acquiring an additional 153 shares during the period. 93.15% of the stock is currently owned by institutional investors.

About C.H. Robinson Worldwide

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.

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