7,967 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Canandaigua National Bank & Trust Co.

Key Points

• Canandaigua National Bank & Trust Co. acquired 7,967 CHRW shares worth approximately $1.18 million in the third quarter. Institutional investors collectively own 93.15% of C.H. Robinson Worldwide.
• Analysts maintain a generally favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $195.40, well above the stock’s recent $135.18 price.
• C.H. Robinson reported quarterly earnings of $1.61 per share, beating estimates, while revenue rose 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63 per share, representing an annualized yield of about 1.9%.

Canandaigua National Bank & Trust Co. bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 7,967 shares of the transportation company's stock, valued at approximately $1,179,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Bank purchased a new position in shares of C.H. Robinson Worldwide in the 3rd quarter valued at approximately $1,473,000. Greenfield Savings Bank bought a new stake in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $2,802,000. Investors Research Corp purchased a new stake in C.H. Robinson Worldwide in the third quarter worth $33,000. Silvia Mccoll Wealth Management LLC purchased a new stake in C.H. Robinson Worldwide in the third quarter worth $194,000. Finally, MFA Wealth Advisors LLC bought a new position in C.H. Robinson Worldwide in the third quarter worth $179,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

CHRW has been the topic of a number of research reports. Bank of America restated a "buy" rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday. Robert W. Baird decreased their price target on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating for the company in a research note on Tuesday, July 28th. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Wolfe Research set a $196.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Finally, Freedom Capital upgraded shares of C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $195.40.

C.H. Robinson Worldwide Trading Up 0.1%

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

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

C.H. Robinson Worldwide Dividend Announcement

The company 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 48.09%.

Key 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 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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