C.H. Robinson Worldwide (NASDAQ:CHRW) Hits New 12-Month Low on Analyst Downgrade

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) 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. The stock had previously closed at $70.48.

A number of other equities research analysts have also issued reports on CHRW. 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 report on Monday, April 1st. BNP Paribas reiterated a “neutral” rating and set a $76.00 target price on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. StockNews.com lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Stifel Nicolaus increased their target price on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of 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. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $81.21.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at about $30,000. Montag A & Associates Inc. acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $30,000. Quarry LP acquired a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at about $30,000. Larson Financial Group LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $31,000. Finally, Pacific Center for Financial Services acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $34,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

C.H. Robinson Worldwide Price Performance

The company has a debt-to-equity ratio of 1.00, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.55 and a beta of 0.72. The company’s 50 day moving average is $73.32 and its 200 day moving average is $80.39.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.30). The business had revenue of $4.22 billion for 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%. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.31 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued 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 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.