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

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) gapped down prior to trading 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 traded.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays restated an "underweight" rating and set a $65.00 target price (down previously from $80.00) on shares of C.H. Robinson Worldwide in a report on Monday, April 1st. Susquehanna increased their price target on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a "neutral" rating in a research note on Monday, March 25th. StockNews.com cut C.H. Robinson Worldwide from a "hold" rating to a "sell" rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. reduced their target price on C.H. Robinson Worldwide from $75.00 to $70.00 and set an "underweight" rating on the stock in a report on Tuesday, April 9th. Finally, BNP Paribas reaffirmed a "neutral" rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $81.21.

C.H. Robinson Worldwide Price Performance

The firm has a 50-day simple moving average of $73.18 and a 200-day simple moving average of $80.26. The firm has a market capitalization of $8.05 billion, a PE ratio of 25.28, a PEG ratio of 3.48 and a beta of 0.72. 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 - Get Free Report) last released its quarterly earnings results 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 business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.35 billion. As a group, equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.31 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 90.04%.

Institutional Investors Weigh In On C.H. Robinson Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the 1st quarter valued at $30,000. Montag A & Associates Inc. purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $30,000. Quarry LP bought a new stake in C.H. Robinson Worldwide during the 4th quarter valued at approximately $30,000. Larson Financial Group LLC bought a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at approximately $31,000. Finally, Pacific Center for Financial Services purchased a new position in C.H. Robinson Worldwide in the 3rd quarter worth 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.