C.H. Robinson Worldwide (NASDAQ:CHRW) Hits New 52-Week Low Following Analyst Downgrade

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) shares hit a new 52-week low during 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 trading hands. The stock had previously closed at $70.48.

Several other analysts also recently commented on CHRW. Wolfe Research upgraded C.H. Robinson Worldwide from an "underperform" rating to a "peer perform" rating in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on C.H. Robinson Worldwide from $75.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 9th. 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 research report on Monday, April 1st. Stifel Nicolaus lifted their target price 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. Finally, BMO Capital Markets lowered their target price on C.H. Robinson Worldwide from $90.00 to $85.00 and set a "market perform" rating on the stock in a research report on Thursday, February 1st. Seven analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $81.21.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Several large investors have recently made changes to their positions in CHRW. Penserra Capital Management LLC bought a new stake in C.H. Robinson Worldwide during the first quarter worth approximately $30,000. Quarry LP bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $30,000. Montag A & Associates Inc. bought a new stake in C.H. Robinson Worldwide during the fourth quarter worth approximately $30,000. Larson Financial Group LLC bought a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $31,000. Finally, Pacific Center for Financial Services bought a new stake in C.H. Robinson Worldwide during the third quarter worth approximately $34,000. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Down 2.1 %

The company has a 50 day simple moving average of $73.42 and a two-hundred day simple moving average of $80.52. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $8.07 billion, a P/E ratio of 25.58, a PEG ratio of 3.55 and a beta of 0.72.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 earnings per share 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 company had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. As a group, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 3.31 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The firm 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 was Thursday, February 29th. This represents a $2.44 annualized dividend and a dividend yield of 3.54%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 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.