C.H. Robinson Worldwide (NASDAQ:CHRW) Shares Gap Down Following Analyst Downgrade

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) gapped down before the market opened on Thursday after Bank of America lowered their price target on the stock from $130.00 to $122.00. The stock had previously closed at $107.93, but opened at $99.60. Bank of America currently has a buy rating on the stock. C.H. Robinson Worldwide shares last traded at $103.00, with a volume of 477,971 shares changing hands.

Several other research analysts have also commented on the company. Stifel Nicolaus raised their price objective on C.H. Robinson Worldwide from $112.00 to $113.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Stephens reiterated an "equal weight" rating and set a $111.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday. UBS Group upgraded C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and upped their price target for the stock from $100.00 to $140.00 in a report on Friday, October 4th. Raymond James lowered their price objective on shares of C.H. Robinson Worldwide from $123.00 to $118.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group boosted their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $117.33.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael D. Castagnetto sold 2,032 shares of C.H. Robinson Worldwide stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $103.81, for a total value of $210,941.92. Following the completion of the transaction, the insider now directly owns 34,469 shares of the company's stock, valued at approximately $3,578,226.89. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael John Short sold 10,408 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now owns 70,943 shares in the company, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company's stock.

Institutional Trading of C.H. Robinson Worldwide

Several hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in C.H. Robinson Worldwide by 92,841.1% in the fourth quarter. Van ECK Associates Corp now owns 3,007,574 shares of the transportation company's stock worth $310,742,000 after buying an additional 3,004,338 shares during the period. FMR LLC grew its position in shares of C.H. Robinson Worldwide by 2,259.1% during the third quarter. FMR LLC now owns 2,557,791 shares of the transportation company's stock worth $282,303,000 after acquiring an additional 2,449,367 shares during the last quarter. Citigroup Inc. increased its holdings in shares of C.H. Robinson Worldwide by 137.8% in the 3rd quarter. Citigroup Inc. now owns 431,033 shares of the transportation company's stock worth $47,573,000 after acquiring an additional 249,774 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in C.H. Robinson Worldwide by 12.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,718 shares of the transportation company's stock valued at $155,149,000 after purchasing an additional 153,654 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in C.H. Robinson Worldwide by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,956,219 shares of the transportation company's stock valued at $436,648,000 after purchasing an additional 142,116 shares during the period. Institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Trading Down 0.9 %

The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The firm's 50-day simple moving average is $105.52 and its 200 day simple moving average is $103.81. The stock has a market cap of $11.76 billion, a P/E ratio of 25.84, a PEG ratio of 0.89 and a beta of 0.83.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 35.64% and a net margin of 2.63%. As a group, equities research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.82 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were given a $0.62 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.49%. C.H. Robinson Worldwide's dividend payout ratio is presently 64.42%.

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.