Apollon Wealth Management LLC Decreases Position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Apollon Wealth Management LLC lowered its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,925 shares of the transportation company’s stock after selling 420 shares during the quarter. Apollon Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $544,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of CHRW. Interval Partners LP purchased a new position in shares of C.H. Robinson Worldwide in the second quarter valued at $82,581,000. Point72 Asset Management L.P. acquired a new position in C.H. Robinson Worldwide in the 2nd quarter worth $69,378,000. ProShare Advisors LLC boosted its position in C.H. Robinson Worldwide by 26.3% in the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock valued at $222,837,000 after buying an additional 526,872 shares during the last quarter. Vest Financial LLC grew its stake in shares of C.H. Robinson Worldwide by 44.1% during the second quarter. Vest Financial LLC now owns 627,804 shares of the transportation company’s stock valued at $55,322,000 after acquiring an additional 192,205 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of C.H. Robinson Worldwide by 1.3% during the first quarter. Vanguard Group Inc. now owns 14,215,203 shares of the transportation company’s stock worth $1,082,346,000 after acquiring an additional 177,119 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

CHRW has been the subject of a number of analyst reports. TD Cowen increased their price target on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the company a “hold” rating in a report on Thursday, October 31st. BMO Capital Markets increased their target price on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price target on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $127.00 in a research note on Tuesday, November 12th. Finally, Robert W. Baird upped their target price on shares of C.H. Robinson Worldwide from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and an average price target of $107.63.

C.H. Robinson Worldwide Stock Down 1.2 %

CHRW stock opened at $110.19 on Friday. The stock has a market cap of $13.03 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 1.29 and a beta of 0.84. The firm’s 50-day simple moving average is $106.75 and its 200 day simple moving average is $95.95. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.10. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.12 by $0.16. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. As a group, sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is currently 85.81%.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.