C.H. Robinson Worldwide (NASDAQ:CHRW) Stock Price Down 7.3% – What’s Next?

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)’s share price dropped 7.3% during trading on Monday . The company traded as low as $164.99 and last traded at $164.4070. Approximately 281,453 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 2,170,802 shares. The stock had previously closed at $177.30.

Analyst Ratings Changes

CHRW has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $149.00 price objective on shares of C.H. Robinson Worldwide in a research note on Wednesday, January 14th. Barclays lifted their price objective on C.H. Robinson Worldwide from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday. Truist Financial lifted their price objective on C.H. Robinson Worldwide from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Raymond James Financial set a $210.00 price target on C.H. Robinson Worldwide in a research note on Thursday. Finally, Morgan Stanley boosted their price target on C.H. Robinson Worldwide from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Thursday, January 29th. Fifteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $192.27.

C.H. Robinson Worldwide Stock Performance

The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.79. The company has a 50 day simple moving average of $175.82 and a 200-day simple moving average of $167.35. The stock has a market capitalization of $18.99 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.49% and a net margin of 3.70%.The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. As a group, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.05 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 51.01%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 6,368 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $201.30, for a total transaction of $1,281,878.40. Following the completion of the sale, the insider owned 52,101 shares in the company, valued at approximately $10,487,931.30. The trade was a 10.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto purchased 594 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were acquired at an average price of $168.24 per share, with a total value of $99,934.56. Following the purchase, the insider directly owned 35,488 shares in the company, valued at $5,970,501.12. This represents a 1.70% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 2,422 shares of company stock valued at $400,801 over the last three months. 0.37% of the stock is currently owned by company insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of CHRW. Wellington Management Group LLP increased its stake in C.H. Robinson Worldwide by 198.6% during the 3rd quarter. Wellington Management Group LLP now owns 7,143,297 shares of the transportation company’s stock valued at $945,773,000 after purchasing an additional 4,751,034 shares in the last quarter. Auto Owners Insurance Co grew its holdings in C.H. Robinson Worldwide by 15,976.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock worth $24,293,000 after buying an additional 1,501,744 shares in the last quarter. Norges Bank purchased a new stake in C.H. Robinson Worldwide in the 4th quarter valued at $236,665,000. Capital World Investors bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at $165,976,000. Finally, Pinebridge Investments LLC bought a new position in C.H. Robinson Worldwide during the 4th quarter valued at $103,751,000. Institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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.