Shares of C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) were best percentage decliners on Wednesday in the S&P 500 after Bank of America Corp’s (NYSE:BAC) Merrill Lynch shattered its recommendation on the security to underperform from buy and cut its price tag to $60 from $74.
Ratings of the company were lowered after the freighting and Transport Corporation announced fiscal Q4 results late on Tuesday.
Shares of company plunged 9.7% to settle at $60.50 in New York. That was the key decliner for the arranger of freight shipments since December 2008.
The Eden Prairie, Minnesota-based C.H. Robinson’s fiscal Q4 profit was 68 cents per share without purchases and divestitures. That failed to meet the 70-cent per share median forecasts of Bloomberg gathered data.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Pacer International, Inc. (NASDAQ:PACR) rose +1.90% to settle at $4.29, Hub Group Inc (NASDAQ:HUBG) moved down -0.26% to end at $37.64 while Vitran Corporation, Inc. (USA) (NASDAQ:VTNC) jumped +0.99% to finish at $7.12 on Wednesday.
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) last session’s volume of 6.42 million shares was higher than its average volume of 1.34 million shares. The stock after opening at $61.56 hit high price of $61.97 and then closed at $60.50 by scoring -9.71%.
CHRW generated revenue of $10.96 billion in the previous twelve months and earned $446.63 million. The Company showed a positive 4.08% in the net profit margin as well as in its operating margin which remained at 6.51%. Company’s annual sales growth for the past five years was 9.53%.
The CHRW’s past twelve months’ price to sales ratio was 0.89 and price to cash ratio remained 35.73. As far as the returns are concerned, CHRW’s return on equity was recorded as 34.90% and return on investment increased 34.52% while its return on asset stayed at 20.20%.
The stock showed weekly downbeat performance of -9.89% which was maintained for the month at -4.20%. Likewise the negative performance for the quarter was recorded as -1.91% and for the year was -4.00% while the YTD performance remained at -4.30%.
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