9,958 Shares in C.H. Robinson Worldwide, Inc. $CHRW Acquired by Exchange Bank

Key Points

• Exchange Bank acquired 9,958 shares of C.H. Robinson Worldwide in the third quarter, worth approximately $1.47 million. Institutional investors and hedge funds collectively own 93.15% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $195.40, despite some recent rating and target-price reductions.
• C.H. Robinson exceeded quarterly expectations with $1.61 in earnings per share and $4.93 billion in revenue, while reporting 19.3% year-over-year revenue growth. The company also declared a quarterly dividend of $0.63 per share, representing a 1.9% yield.

Exchange Bank acquired a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,958 shares of the transportation company's stock, valued at approximately $1,473,000.

Several other institutional investors and hedge funds have also modified their holdings of CHRW. WCM Investment Management LLC bought a new position in shares of C.H. Robinson Worldwide in the 1st quarter valued at approximately $579,922,000. Auto Owners Insurance Co increased its position in C.H. Robinson Worldwide by 15,976.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock worth $24,293,000 after buying an additional 1,501,744 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of C.H. Robinson Worldwide by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock worth $181,810,000 after buying an additional 25,674 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of C.H. Robinson Worldwide by 13.7% during the first 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 during the last quarter. Finally, Capital World Investors bought a new stake in shares of C.H. Robinson Worldwide in the fourth quarter valued at approximately $165,976,000. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analyst Weigh In

CHRW has been the topic of several research analyst reports. Susquehanna raised their price objective on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a "positive" rating in a research note on Tuesday, July 14th. Wall Street Zen downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating in a report on Tuesday. Stephens decreased their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Janney Montgomery Scott set a $155.00 price objective on shares of C.H. Robinson Worldwide in a report on Tuesday, July 28th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. One investment 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $195.40.

Trending Headlines about C.H. Robinson Worldwide

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 Performance

Shares of NASDAQ CHRW traded up $0.13 during trading hours on Wednesday, reaching $135.18. The stock had a trading volume of 2,510,082 shares, compared to its average volume of 1,977,620. The company has a market cap of $15.80 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.18 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a twelve month low of $123.64 and a twelve month high of $210.33. The business's fifty day moving average is $149.21 and its two-hundred day moving average is $169.45. 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 posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The business's revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.29 earnings per share. As a group, research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.19 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $0.63 dividend. 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 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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