C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 7.9% during the 3rd quarter, Holdings Channel reports. The firm owned 4,925 shares of the transportation company’s stock after selling 420 shares during the period. Apollon Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $544,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in 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 valued at $1,082,346,000 after buying an additional 177,119 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of C.H. Robinson Worldwide by 26.3% during the 2nd quarter. ProShare Advisors LLC now owns 2,528,787 shares of the transportation company’s stock valued at $222,837,000 after purchasing an additional 526,872 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of C.H. Robinson Worldwide by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company’s stock worth $115,921,000 after purchasing an additional 34,632 shares in the last quarter. Interval Partners LP acquired a new stake in C.H. Robinson Worldwide during the second quarter valued at approximately $82,581,000. Finally, Pzena Investment Management LLC boosted its holdings in C.H. Robinson Worldwide by 0.5% during the second quarter. Pzena Investment Management LLC now owns 877,727 shares of the transportation company’s stock worth $77,345,000 after buying an additional 4,679 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHRW. The Goldman Sachs Group upped their price target on C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $140.00 in a report on Friday, October 4th. Evercore ISI boosted their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $87.00 to $110.00 in a research report on Thursday, August 1st. Finally, Barclays lifted their price target on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, C.H. Robinson Worldwide currently has an average rating of “Hold” and an average price target of $107.63.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of C.H. Robinson Worldwide stock in a transaction on Monday, November 11th. The shares were sold at an average price of $109.87, for a total value of $1,143,526.96. Following the transaction, the insider now owns 70,943 shares in the company, valued at $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.47% of the stock is owned by corporate insiders.

C.H. Robinson Worldwide Trading Down 1.2 %

Shares of NASDAQ:CHRW opened at $110.19 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $13.03 billion, a PE ratio of 38.13, a P/E/G ratio of 1.29 and a beta of 0.84. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $113.10. The firm has a fifty day moving average price of $106.75 and a 200 day moving average price of $95.95.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide, Inc. will post 4.37 EPS for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide’s dividend payout ratio is 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.