C.H. Robinson Worldwide (NASDAQ:CHRW) Shares Down 6.7% – Time to Sell?

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)’s share price was down 6.7% on Monday . The company traded as low as $174.41 and last traded at $173.9780. Approximately 1,825,877 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 1,999,736 shares. The stock had previously closed at $186.51.

Analyst Ratings Changes

Several research analysts have issued reports on CHRW shares. BMO Capital Markets upped their price objective on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Weiss Ratings cut C.H. Robinson Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Citizens Jmp initiated coverage on C.H. Robinson Worldwide in a research report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 target price for the company. Stifel Nicolaus upped their price target on C.H. Robinson Worldwide from $207.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Finally, 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. Seventeen equities 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.46.

C.H. Robinson Worldwide Trading Down 6.5%

The business’s 50 day simple moving average is $187.53 and its 200-day simple moving average is $180.87. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $20.56 billion, a P/E ratio of 35.37, a PEG ratio of 1.60 and a beta of 0.91.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.24 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.05 billion. C.H. Robinson Worldwide had a net margin of 3.70% and a return on equity of 35.49%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. As a group, analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, June 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 51.01%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Several hedge funds have recently added to or reduced their stakes in the stock. Jones Kertz & Associates Inc. bought a new stake in C.H. Robinson Worldwide in the fourth quarter valued at approximately $1,557,000. Massachusetts Financial Services Co. MA acquired a new stake in C.H. Robinson Worldwide in the fourth quarter worth $3,699,000. New York State Teachers Retirement System boosted its position in shares of C.H. Robinson Worldwide by 6.0% during the fourth quarter. New York State Teachers Retirement System now owns 104,269 shares of the transportation company’s stock worth $16,762,000 after purchasing an additional 5,877 shares in the last quarter. KBC Group NV boosted its position in shares of C.H. Robinson Worldwide by 8.9% during the fourth quarter. KBC Group NV now owns 214,741 shares of the transportation company’s stock worth $34,522,000 after purchasing an additional 17,594 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of C.H. Robinson Worldwide by 82.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 16,349 shares of the transportation company’s stock valued at $2,628,000 after buying an additional 7,384 shares during the period. Institutional investors and hedge funds 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.