Shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) dropped 4% during trading on Monday . The stock traded as low as $71.12 and last traded at $71.48, with a volume of 2,409,835 shares. The stock had previously closed at $74.43.

CHRW has been the subject of several analyst reports. Wolfe Research downgraded C.H. Robinson Worldwide from an “outperform” rating to a “hold” rating in a research note on Friday, April 1st. Robert W. Baird increased their price objective on C.H. Robinson Worldwide from $70.00 to $78.00 in a research note on Monday, April 4th. Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, April 5th. KeyCorp raised C.H. Robinson Worldwide from a “sector weight” rating to an “overweight” rating and set a $82.00 target price for the company in a report on Thursday, April 14th. Finally, Buckingham Research upped their target price on C.H. Robinson Worldwide from $80.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, April 21st. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus target price of $75.06.

The stock has a 50 day moving average price of $73.53 and a 200 day moving average price of $70.65. The firm has a market cap of $10.26 billion and a P/E ratio of 19.89.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm earned $3.07 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. C.H. Robinson Worldwide’s revenue was down 6.9% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide Inc. will post $3.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd were paid a dividend of $0.43 per share. The ex-dividend date was Wednesday, June 1st. This represents a $1.72 dividend on an annualized basis and a yield of 2.39%.

In other C.H. Robinson Worldwide news, insider Jordan T. Kass sold 4,076 shares of the business’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $70.90, for a total transaction of $288,988.40. Following the completion of the sale, the insider now directly owns 25,698 shares in the company, valued at approximately $1,821,988.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 sale, the vice president now owns 26,995 shares of the company’s stock, valued at $1,974,684.25. The disclosure for this sale can be found here.

A number of large investors recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake in shares of C.H. Robinson Worldwide by 105.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 16,315 shares of the company’s stock worth $1,012,000 after buying an additional 8,355 shares in the last quarter. World Asset Management Inc raised its stake in shares of C.H. Robinson Worldwide by 2.0% in the fourth quarter. World Asset Management Inc now owns 16,624 shares of the company’s stock worth $1,031,000 after buying an additional 323 shares in the last quarter. Strs Ohio raised its stake in shares of C.H. Robinson Worldwide by 2.5% in the fourth quarter. Strs Ohio now owns 18,888 shares of the company’s stock worth $1,171,000 after buying an additional 465 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of C.H. Robinson Worldwide by 2.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 20,442 shares of the company’s stock worth $1,268,000 after buying an additional 479 shares in the last quarter. Finally, Texas Yale Capital Corp. raised its stake in shares of C.H. Robinson Worldwide by 3.5% in the fourth quarter. Texas Yale Capital Corp. now owns 21,804 shares of the company’s stock worth $1,352,000 after buying an additional 730 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.