C.H. Robinson Worldwide (NASDAQ:CHRW) Shares Gap Down – Here’s What Happened

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) shares gapped down prior to trading on Friday . The stock had previously closed at $205.51, but opened at $191.81. C.H. Robinson Worldwide shares last traded at $189.8950, with a volume of 522,757 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CHRW. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday. Barclays raised their price target on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Stifel Nicolaus boosted their price objective 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. JPMorgan Chase & Co. upped their target price on shares of C.H. Robinson Worldwide from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Raymond James Financial reduced their target price on shares of C.H. Robinson Worldwide from $210.00 to $203.00 and set an “outperform” rating on the stock in a research note on Thursday, July 2nd. Seventeen 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.46.

C.H. Robinson Worldwide Stock Performance

The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.79. The company has a market cap of $21.98 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 1.60 and a beta of 0.91. The stock has a 50 day moving average price of $187.53 and a two-hundred day moving average price of $180.77.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced 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 business had revenue of $4.01 billion during 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 firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 earnings per share. Analysts predict that C.H. Robinson Worldwide, Inc. will post 6.12 EPS for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. C.H. Robinson Worldwide’s dividend payout ratio is 51.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CHRW. Wedge Capital Management L L P NC grew its holdings in shares of C.H. Robinson Worldwide by 0.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 50,211 shares of the transportation company’s stock valued at $9,457,000 after buying an additional 297 shares during the period. Handelsbanken Fonder AB raised its stake 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 worth $6,931,000 after buying an additional 4,000 shares during the period. Contravisory Investment Management Inc. raised its stake in C.H. Robinson Worldwide by 2.8% during the 2nd quarter. Contravisory Investment Management Inc. now owns 6,164 shares of the transportation company’s stock worth $1,161,000 after buying 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 about $286,000. Finally, Czech National Bank lifted its holdings in C.H. Robinson Worldwide by 3.9% during the second quarter. Czech National Bank now owns 33,551 shares of the transportation company’s stock worth $6,319,000 after acquiring an additional 1,245 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

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.