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

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) 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.

CHRW has been the subject of several other reports. BMO Capital Markets reduced their price target on C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a report on Thursday, February 1st. Susquehanna lifted their price target on C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Wells Fargo & Company decreased their price objective on C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Thursday, February 1st. BNP Paribas reissued a “neutral” rating and set a $76.00 price objective on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Finally, StockNews.com lowered C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $81.21.

Hedge Funds Weigh In On C.H. Robinson Worldwide

A number of large investors have recently made changes to their positions in CHRW. Norges Bank purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $70,174,000. State Street Corp raised its position in C.H. Robinson Worldwide by 4.3% during the first quarter. State Street Corp now owns 8,916,720 shares of the transportation company’s stock valued at $891,417,000 after purchasing an additional 365,084 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in C.H. Robinson Worldwide during the fourth quarter valued at about $26,861,000. Bank of America Corp DE raised its position in C.H. Robinson Worldwide by 64.9% during the first quarter. Bank of America Corp DE now owns 779,362 shares of the transportation company’s stock valued at $77,445,000 after purchasing an additional 306,755 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its position in C.H. Robinson Worldwide by 105.5% during the fourth quarter. Pinebridge Investments L.P. now owns 593,653 shares of the transportation company’s stock valued at $51,286,000 after purchasing an additional 304,709 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Stock Down 2.1 %

The stock has a 50-day simple moving average of $73.32 and a two-hundred day simple moving average of $80.39. 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 firm has a market cap of $8.07 billion, a PE ratio of 25.46, a P/E/G ratio of 3.55 and a beta of 0.72.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data 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). C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. The company had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. Analysts expect that C.H. Robinson Worldwide, Inc. will post 3.31 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed 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 yield of 3.54%. C.H. Robinson Worldwide’s payout ratio is 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.