Shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) saw an uptick in trading volume on Friday . 2,466,377 shares changed hands during mid-day trading, an increase of 48% from the previous session’s volume of 1,662,427 shares.The stock last traded at $71.94 and had previously closed at $72.30.

Several brokerages recently weighed in on CHRW. Zacks Investment Research lowered C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Morgan Stanley restated a “sell” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, April 26th. Robert W. Baird lifted their target price on C.H. Robinson Worldwide from $70.00 to $78.00 in a research note on Monday, April 4th. Cowen and Company restated a “market perform” rating and issued a $71.00 target price (up from $69.00) on shares of C.H. Robinson Worldwide in a research note on Wednesday, April 27th. Finally, BB&T Corp. downgraded C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $75.06.

The firm has a market capitalization of $10.27 billion and a PE ratio of 19.92. The stock has a 50-day moving average of $73.18 and a 200-day moving average of $70.92.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The firm earned $3.07 billion during the quarter, compared to the consensus estimate of $3.19 billion. The business’s revenue was down 6.9% on a year-over-year basis. During the same period last year, the business earned $0.73 EPS. On average, equities research analysts expect that C.H. Robinson Worldwide Inc. will post $3.77 EPS for the current fiscal year.

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

In related news, insider Robert C. Biesterfeld, Jr. sold 2,405 shares of C.H. Robinson Worldwide 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 completion of the sale, the insider now owns 10,019 shares of the company’s stock, valued at approximately $727,880.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jordan T. Kass sold 4,076 shares of C.H. Robinson Worldwide stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $70.90, for a total transaction of $288,988.40. Following the sale, the insider now directly owns 25,698 shares of the company’s stock, valued at approximately $1,821,988.20. The disclosure for this sale can be found here.

Other hedge funds have bought and sold shares of the company. Employees Retirement System of Texas increased its stake in C.H. Robinson Worldwide by 660.0% in the fourth quarter. Employees Retirement System of Texas now owns 38,000 shares of the company’s stock worth $2,357,000 after buying an additional 33,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of C.H. Robinson Worldwide by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 387,028 shares of the company’s stock valued at $24,004,000 after buying an additional 26,270 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position 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 valued at $1,012,000 after buying an additional 8,355 shares during the last quarter. Matarin Capital Management LLC purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at approximately $3,207,000. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of C.H. Robinson Worldwide by 7.2% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 53,307 shares of the company’s stock valued at $3,307,000 after buying an additional 3,575 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.

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.