18,937 Shares of C.H. Robinson Worldwide, Inc. $CHRW Bought by Greenfield Savings Bank

Key Points

• Greenfield Savings Bank purchased 18,937 shares of C.H. Robinson Worldwide worth approximately $2.8 million, making CHRW 1.1% of its portfolio. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $195.40, although some firms cite integration and execution risks tied to the RXO acquisition.
• CHRW recently beat quarterly earnings expectations, reporting $1.61 in EPS and $4.93 billion in revenue, while revenue increased 19.3% year over year. The company also pays a quarterly dividend of $0.63 per share, representing a 1.9% yield.

Greenfield Savings Bank bought a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,937 shares of the transportation company's stock, valued at approximately $2,802,000. C.H. Robinson Worldwide accounts for approximately 1.1% of Greenfield Savings Bank's investment portfolio, making the stock its 25th largest position.

A number of other hedge funds have also made changes to their positions in the stock. WCM Investment Management LLC acquired a new stake in shares of C.H. Robinson Worldwide during the first quarter worth approximately $579,922,000. Dimensional Fund Advisors LP increased its stake in C.H. Robinson Worldwide by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock valued at $181,810,000 after buying an additional 25,674 shares during the period. Bank of America Corp DE lifted its position in C.H. Robinson Worldwide by 13.7% in the 1st quarter. Bank of America Corp DE now owns 1,055,602 shares of the transportation company's stock worth $175,304,000 after buying an additional 127,103 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth approximately $172,626,000. Finally, Capital World Investors acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at $165,976,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHRW has been the topic of several research analyst reports. TD Cowen restated a "hold" rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Bank of America reiterated a "buy" rating and set a $203.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday. Wall Street Zen cut C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a research report on Tuesday. Raymond James Financial set a $192.00 target price on C.H. Robinson Worldwide in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.40.

C.H. Robinson Worldwide News Summary

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

• Positive Sentiment: The RXO acquisition could expand C.H. Robinson’s logistics network, strengthen its technology and artificial-intelligence capabilities, and generate approximately $300 million in projected cost synergies. Management characterized the deal as a way to improve scale and competitiveness in freight brokerage. C.H. Robinson to Benefit From RXO Acquisition
• Positive Sentiment: C.H. Robinson’s history of quarterly earnings surprises and favorable estimates revisions could support another earnings beat in the next report, potentially providing a near-term catalyst. Will C.H. Robinson Beat Estimates Again
• Positive Sentiment: The company may benefit from further consolidation among freight brokers, as smaller operators face pressure from elevated diesel and operating costs. Greater industry scale could improve CHRW’s competitive position. C.H. Robinson CEO Sees Freight Broker Consolidation
• Neutral Sentiment: Brokerages cited a consensus price target of $196.64, substantially above the current trading level, but the target reflects analysts’ expectations rather than a new company announcement. C.H. Robinson Consensus Price Target
• Negative Sentiment: Investors appear concerned that the RXO transaction could bring integration challenges, execution risk and additional financial pressure before synergies are realized. Some analysis argues the acquisition is not an immediate shortcut to improving CHRW’s valuation. C.H. Robinson: RXO Is No Shortcut to Value

C.H. Robinson Worldwide Stock Up 0.1%

CHRW stock traded up $0.13 during trading hours on Wednesday, hitting $135.18. The company's stock had a trading volume of 2,510,082 shares, compared to its average volume of 1,977,620. The stock has a 50 day moving average price of $149.21 and a two-hundred day moving average price of $169.45. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The company has a market capitalization of $15.80 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the firm earned $1.29 EPS. C.H. Robinson Worldwide's revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.19 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

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

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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