C.H. Robinson Worldwide (NASDAQ:CHRW) Shares Gap Down - What's Next?

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $109.64, but opened at $103.26. C.H. Robinson Worldwide shares last traded at $105.65, with a volume of 269,194 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CHRW shares. The Goldman Sachs Group raised their target price on shares of C.H. Robinson Worldwide from $90.00 to $97.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. Susquehanna raised their price target on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the company an "equal weight" rating in a research report on Thursday, August 1st. Benchmark raised their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, UBS Group upgraded shares of C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and raised their price target for the company from $100.00 to $140.00 in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Hold" and a consensus price target of $103.24.

C.H. Robinson Worldwide Stock Down 6.0 %

The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The business's 50-day moving average is $105.72 and its two-hundred day moving average is $92.91. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.16. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. C.H. Robinson Worldwide's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 earnings per share. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.13 EPS for the current year.

C.H. Robinson Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 6th. This is a boost from C.H. Robinson Worldwide's previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a yield of 2.41%. C.H. Robinson Worldwide's dividend payout ratio is currently 89.53%.

Insiders Place Their Bets

In other news, insider Michael John Short sold 10,894 shares of the company's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares of the company's stock, valued at $6,979,372.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.18% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC grew its position in C.H. Robinson Worldwide by 21.1% in the 1st quarter. First Eagle Investment Management LLC now owns 11,486,055 shares of the transportation company's stock valued at $874,548,000 after acquiring an additional 2,003,158 shares in the last quarter. Interval Partners LP purchased a new position in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $82,581,000. Pzena Investment Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at about $66,474,000. Point72 Asset Management L.P. purchased a new stake in C.H. Robinson Worldwide during the second quarter worth approximately $69,378,000. Finally, ProShare Advisors LLC lifted its stake in C.H. Robinson Worldwide by 26.3% during the second quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company's stock worth $222,837,000 after purchasing an additional 526,872 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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.