C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) fell 0.8% during mid-day trading on Monday . The company traded as low as $69.08 and last traded at $69.14, with a volume of 258,118 shares. The stock had previously closed at $69.68.

A number of research firms have recently issued reports on CHRW. Cowen and Company reaffirmed a “market perform” rating and set a $71.00 target price (up previously from $69.00) on shares of C.H. Robinson Worldwide in a report on Wednesday, April 27th. BB&T Corp. lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. They noted that the move was a valuation call. Morgan Stanley reissued a “sell” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, April 26th. Buckingham Research upped 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 report on Thursday, April 21st. Finally, JPMorgan Chase & Co. assumed coverage on shares of C.H. Robinson Worldwide in a report on Monday, July 11th. They issued an “underweight” rating and a $66.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average target price of $75.17.

The stock has a market cap of $9.96 billion and a PE ratio of 19.02. The firm’s 50 day moving average is $71.23 and its 200 day moving average is $71.98.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.00 EPS for the quarter, meeting the consensus estimate of $1.00. The business earned $3.30 billion during the quarter, compared to analysts’ expectations of $3.42 billion. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 EPS. Equities analysts forecast that C.H. Robinson Worldwide Inc. will post $3.69 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Wednesday, August 31st.

Several hedge funds have recently modified their holdings of CHRW. BNP Paribas Arbitrage SA boosted 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 during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted 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 during the last quarter. Employees Retirement System of Texas boosted its stake in shares of 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 during the last quarter. Autus Asset Management LLC boosted its stake in shares of C.H. Robinson Worldwide by 8.0% in the fourth quarter. Autus Asset Management LLC now owns 42,167 shares of the company’s stock worth $2,616,000 after buying an additional 3,130 shares during the last quarter. Finally, Matarin Capital Management LLC purchased a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth about $3,207,000.

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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