Shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) saw strong trading volume on Thursday . 1,351,440 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 1,469,755 shares.The stock last traded at $73.50 and had previously closed at $74.80.

A number of brokerages recently commented on CHRW. Zacks Investment Research downgraded C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Morgan Stanley reaffirmed a “sell” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday, April 26th. Robert W. Baird increased their price target on C.H. Robinson Worldwide from $70.00 to $78.00 in a research report on Monday, April 4th. Cowen and Company reaffirmed a “market perform” rating and set a $71.00 price target (up from $69.00) on shares of C.H. Robinson Worldwide in a research report on Wednesday, April 27th. Finally, BB&T Corp. downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $75.63.

The stock has a 50 day moving average price of $73.53 and a 200-day moving average price of $70.65. The stock has a market capitalization of $10.63 billion and a price-to-earnings ratio of 20.61.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The company earned $3.07 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, analysts predict that C.H. Robinson Worldwide Inc. will post $3.78 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd were given a $0.43 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.31%.

In other C.H. Robinson Worldwide news, VP Angela K. Freeman sold 2,200 shares of the business’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $73.15, for a total transaction of $160,930.00. Following the completion of the sale, the vice president now directly owns 26,995 shares in the company, valued at approximately $1,974,684.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert C. Biesterfeld, Jr. sold 2,405 shares of the business’s stock in a transaction on Friday, May 6th. The shares were sold at an average price of $72.65, for a total transaction of $174,723.25. Following the sale, the insider now owns 10,019 shares of the company’s stock, valued at $727,880.35. The disclosure for this sale can be found here.

A number of large investors recently made changes to their positions in CHRW. Schroder Investment Management Group raised its stake in shares of C.H. Robinson Worldwide by 78.7% in the fourth quarter. Schroder Investment Management Group now owns 1,669,862 shares of the company’s stock worth $103,565,000 after buying an additional 735,662 shares in the last quarter. Eaton Vance Management raised its stake in shares of C.H. Robinson Worldwide by 21.1% in the fourth quarter. Eaton Vance Management now owns 3,144,424 shares of the company’s stock worth $195,017,000 after buying an additional 547,424 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $29,925,000. Vanguard Group Inc. raised its stake in shares of C.H. Robinson Worldwide by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 13,186,480 shares of the company’s stock worth $817,825,000 after buying an additional 481,119 shares in the last quarter. Finally, Clarkston Capital Partners LLC raised its stake in shares of C.H. Robinson Worldwide by 80.2% in the fourth quarter. Clarkston Capital Partners LLC now owns 735,458 shares of the company’s stock worth $45,613,000 after buying an additional 327,221 shares in the last quarter.

C.H. Robinson Worldwide, Inc (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers.

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