C.H. Robinson Worldwide (NASDAQ:CHRW) Hits New 12-Month Low – Here’s Why

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) hit a new 52-week low during trading on Wednesday. The stock traded as low as $126.14 and last traded at $129.1940, with a volume of 1,587,753 shares traded. The stock had previously closed at $143.59.

Key C.H. Robinson Worldwide News

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: Third-quarter adjusted earnings reached $1.80 per share, above consensus estimates of roughly $1.72-$1.75 and up from $1.40 a year earlier. Revenue rose 29.5% year over year to $5.36 billion, exceeding expectations. Higher freight pricing, market-share gains and Lean AI efficiencies supported profitability. C.H. Robinson Q3 Earnings Top Estimates on Pricing and Lean AI Gains
• Positive Sentiment: Analysts remain broadly constructive: JPMorgan, Wells Fargo and Truist maintained overweight or buy-equivalent ratings, while Citigroup reaffirmed a buy rating. Their revised targets still imply substantial upside, ranging from $174 to $200. JPMorgan analyst recommendation

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Raymond James Financial set a $163.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday. Citigroup dropped their price objective on shares of C.H. Robinson Worldwide from $185.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company cut their target price on C.H. Robinson Worldwide from $215.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday. Stephens lowered their target price on C.H. Robinson Worldwide from $200.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $182.92.

C.H. Robinson Worldwide Price Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 1.34. The firm’s fifty day simple moving average is $145.66 and its 200 day simple moving average is $169.81. The firm has a market cap of $14.86 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.06 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, October 28th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.05. C.H. Robinson Worldwide had a return on equity of 42.49% and a net margin of 3.67%. The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the prior year, the firm earned $1.40 EPS. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.26 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 Friday, October 2nd. Shareholders of record on Friday, September 4th were given a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. C.H. Robinson Worldwide’s payout ratio is 48.09%.

Hedge Funds Weigh In On C.H. Robinson Worldwide

Large investors have recently bought and sold shares of the business. Dogwood Wealth Management LLC lifted its holdings in C.H. Robinson Worldwide by 37.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company’s stock worth $45,000 after buying an additional 65 shares in the last quarter. Cornerstone Planning Group LLC raised its position in C.H. Robinson Worldwide by 57.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 67 shares in the last quarter. Millstone Evans Group LLC boosted its stake in shares of C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after buying an additional 71 shares during the period. Root Financial Partners LLC grew its position in shares of C.H. Robinson Worldwide by 8.7% during the first quarter. Root Financial Partners LLC now owns 933 shares of the transportation company’s stock worth $155,000 after buying an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC lifted its stake in C.H. Robinson Worldwide by 10.9% in the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company’s stock worth $139,000 after acquiring an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.