Shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) were down 4% during mid-day 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.

Several analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of C.H. Robinson Worldwide from $70.00 to $78.00 in a research report on Monday, April 4th. Buckingham Research raised their price objective on shares of C.H. Robinson Worldwide from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Tuesday, April 5th. Stephens cut shares of C.H. Robinson Worldwide from an “overweight” rating to an “equal weight” rating and set a $76.00 price objective on the stock. in a research report on Thursday, April 28th. Finally, Wolfe Research cut shares of C.H. Robinson Worldwide from an “outperform” rating to a “hold” rating in a research report on Friday, April 1st. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $75.06.

The stock’s 50-day moving average price is $73.40 and its 200 day moving average price is $70.83. The firm has a market capitalization of $10.42 billion and a P/E ratio of 20.20.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, April 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the company earned $0.73 earnings per share. The firm’s revenue was down 6.9% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide Inc. will post $3.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.37%. The ex-dividend date was Wednesday, June 1st.

In other C.H. Robinson Worldwide news, insider Jordan T. Kass sold 4,076 shares of the stock in a transaction dated 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 of the company’s stock, valued at $1,821,988.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert C. Biesterfeld, Jr. sold 2,405 shares of the stock in a transaction dated 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 directly owns 10,019 shares of the company’s stock, valued at $727,880.35. The disclosure for this sale can be found here.

Several hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio raised its stake in C.H. Robinson Worldwide by 2.5% in the fourth quarter. Strs Ohio now owns 18,888 shares of the company’s stock valued at $1,171,000 after buying an additional 465 shares during the last quarter. Nationwide Fund Advisors raised its stake in C.H. Robinson Worldwide by 1.6% in the fourth quarter. Nationwide Fund Advisors now owns 42,539 shares of the company’s stock valued at $2,638,000 after buying an additional 676 shares during the last quarter. World Asset Management Inc raised its stake in 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 valued at $1,031,000 after buying an additional 323 shares during the last quarter. First Trust Advisors LP raised its stake in C.H. Robinson Worldwide by 58.0% in the fourth quarter. First Trust Advisors LP now owns 309,382 shares of the company’s stock valued at $19,188,000 after buying an additional 113,572 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in C.H. Robinson Worldwide by 0.5% in the fourth quarter. Rhumbline Advisers now owns 234,531 shares of the company’s stock valued at $14,546,000 after buying an additional 1,121 shares during 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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