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

Apollon Wealth Management LLC grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 273.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,972 shares of the transportation company’s stock after purchasing an additional 8,764 shares during the quarter. Apollon Wealth Management LLC’s holdings in C.H. Robinson Worldwide were worth $1,034,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHRW. Raymond James Financial Services Advisors Inc. grew its holdings in C.H. Robinson Worldwide by 4.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 24,219 shares of the transportation company’s stock worth $2,086,000 after acquiring an additional 935 shares in the last quarter. Brown Advisory Inc. grew its position in shares of C.H. Robinson Worldwide by 7.1% in the 3rd quarter. Brown Advisory Inc. now owns 26,507 shares of the transportation company’s stock worth $2,283,000 after acquiring an additional 1,754 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of C.H. Robinson Worldwide by 6.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,933 shares of the transportation company’s stock valued at $3,526,000 after acquiring an additional 2,462 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at approximately $345,000. Finally, TD Asset Management Inc raised its position in shares of C.H. Robinson Worldwide by 14.3% during the 3rd quarter. TD Asset Management Inc now owns 94,647 shares of the transportation company’s stock valued at $8,152,000 after acquiring an additional 11,842 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Barclays boosted their target price on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, May 2nd. BNP Paribas reissued a “neutral” rating and set a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. StockNews.com raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Wells Fargo & Company dropped their price target on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Thursday, February 1st. Finally, Wolfe Research upgraded C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus price target of $82.60.

C.H. Robinson Worldwide Price Performance

NASDAQ CHRW opened at $81.26 on Friday. The business’s fifty day moving average is $73.34 and its two-hundred day moving average is $79.02. The stock has a market capitalization of $9.51 billion, a P/E ratio of 32.12, a P/E/G ratio of 3.98 and a beta of 0.75. C.H. Robinson Worldwide, Inc. has a 1 year low of $65.00 and a 1 year high of $102.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.40 and a current ratio of 1.37.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. C.H. Robinson Worldwide’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 3.4 earnings per share for the current fiscal year.

About C.H. Robinson Worldwide

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.