14,280 Shares of C.H. Robinson Worldwide, Inc. $CHRW Purchased by Chickasaw Capital Management LLC

Key Points

• Chickasaw Capital Management initiated a position in C.H. Robinson Worldwide, purchasing 14,280 shares valued at approximately $2.1 million. Institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, exceeding estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63 per share, yielding about 1.9% annually.
• Analysts maintain a broadly positive outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $195.40, despite recent target reductions and shares trading near $135.

Chickasaw Capital Management LLC purchased a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,280 shares of the transportation company's stock, valued at approximately $2,113,000.

Other large investors have also modified their holdings of the company. Dogwood Wealth Management LLC raised its position in shares of C.H. Robinson Worldwide by 37.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 237 shares of the transportation company's stock valued at $45,000 after purchasing an additional 65 shares during the last quarter. Cornerstone Planning Group LLC grew its position in C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock worth $31,000 after purchasing an additional 67 shares during the last quarter. Millstone Evans Group LLC increased its stake in C.H. Robinson Worldwide by 79.8% during the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Root Financial Partners LLC increased its stake in C.H. Robinson Worldwide by 8.7% during the 1st quarter. Root Financial Partners LLC now owns 933 shares of the transportation company's stock valued at $155,000 after purchasing an additional 75 shares in the last quarter. Finally, Elevated Capital Advisors LLC raised its holdings in shares of C.H. Robinson Worldwide by 10.9% in the first quarter. Elevated Capital Advisors LLC now owns 835 shares of the transportation company's stock worth $139,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

C.H. Robinson Worldwide Stock Up 0.1%

CHRW stock opened at $135.18 on Thursday. The company has a market capitalization of $15.80 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The firm's fifty day simple moving average is $148.44 and its 200-day simple moving average is $169.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm's revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 earnings per share. As a group, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.2 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.9%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is presently 48.09%.

Wall Street Analysts Forecast Growth

CHRW has been the subject of several research reports. Truist Financial lowered their price objective on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a research note on Monday. TD Cowen reaffirmed a "hold" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Janney Montgomery Scott set a $155.00 price target on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Finally, Wall Street Zen lowered C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $195.40.

More C.H. Robinson Worldwide News

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: RXO acquisition could strengthen the business: C.H. Robinson agreed to acquire logistics company RXO for approximately $5.8 billion. The transaction is expected to expand CHRW’s logistics network, improve its technology and artificial-intelligence capabilities, and generate roughly $300 million in cost synergies. CH Robinson to Buy Logistics Firm RXO in $5.8 Billion Deal
• Positive Sentiment: Potential earnings beat: Zacks said CHRW has a strong history of exceeding analyst estimates and currently has the key factors that could support another quarterly earnings surprise. A beat could help restore investor confidence following the recent weakness in the shares. Will C.H. Robinson Beat Estimates Again?
• Positive Sentiment: Analyst valuation remains favorable: Brokerages reportedly have a consensus price target of $196.64, substantially above the recent trading level, suggesting analysts see meaningful longer-term upside. C.H. Robinson Consensus Price Target
• Neutral Sentiment: Industry consolidation is accelerating: CEO Dave Bozeman expects additional freight-broker consolidation as higher diesel costs pressure smaller operators. This could create acquisition opportunities for CHRW but also reflects challenging conditions across the transportation market. C.H. Robinson CEO Sees Freight Broker Consolidation
• Negative Sentiment: Investors remain concerned about the RXO transaction: Commentary questioning whether the acquisition is a shortcut to value highlights risks from the $5.8 billion price, execution challenges, financing and the time required to realize synergies. Those concerns have contributed to recent weakness in CHRW shares. C.H. Robinson: RXO Is No Shortcut To Value

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.

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