Investors sold shares of C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) on strength during trading hours on Friday. $15.78 million flowed into the stock on the tick-up and $33.40 million flowed out of the stock on the tick-down, for a money net flow of $17.62 million out of the stock. Of all equities tracked, C.H. Robinson Worldwide had the 0th highest net out-flow for the day. C.H. Robinson Worldwide traded up $0.46 for the day and closed at $69.42

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reissued a “sell” rating on shares of C.H. Robinson Worldwide in a report on Tuesday, April 26th. Royal Bank Of Canada dropped their price objective on shares of C.H. Robinson Worldwide from $80.00 to $76.00 and set an “outperform” rating on the stock in a report on Thursday, July 28th. BMO Capital Markets reissued a “hold” rating and set a $71.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, July 28th. Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $76.00 price target (down from $80.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 28th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $75.17.

The firm has a market capitalization of $9.91 billion and a P/E ratio of 18.91. The stock’s 50 day moving average is $70.85 and its 200 day moving average is $71.98.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.00 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.42 billion. During the same period in the previous year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. Equities analysts expect that C.H. Robinson Worldwide Inc. will post $3.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.48%. The ex-dividend date is Wednesday, August 31st.

A number of hedge funds and institutional investors have modified their holdings of CHRW. Principal Financial Group Inc. increased its position in shares of C.H. Robinson Worldwide by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 219,686 shares of the company’s stock valued at $13,625,000 after buying an additional 6,616 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position 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 valued at $1,268,000 after buying an additional 479 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased 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. Matarin Capital Management LLC acquired a new position in shares of C.H. Robinson Worldwide during the fourth quarter valued at about $3,207,000. Finally, BNP Paribas Arbitrage SA increased 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.

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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