C.H. Robinson Worldwide, Inc. $CHRW Shares Bought by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB increased its C.H. Robinson stake by 8,309.1% in the third quarter, acquiring 30,079 additional shares for a total holding of 30,441 shares valued at approximately $4.5 million.
• C.H. Robinson shares have fallen sharply amid investor concerns over its planned $5.8 billion acquisition of RXO, including integration risk, potential dilution and higher leverage, despite projected annual synergies of about $300 million.
• The company reported quarterly earnings of $1.61 per share and revenue of $4.93 billion, exceeding estimates, while maintaining a quarterly dividend of $0.63 per share, equivalent to a 1.8% yield.

MassMutual Private Wealth & Trust FSB grew its holdings in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 8,309.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,441 shares of the transportation company's stock after acquiring an additional 30,079 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in C.H. Robinson Worldwide were worth $4,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHRW. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $579,922,000. Auto Owners Insurance Co increased its stake in C.H. Robinson Worldwide by 15,976.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company's stock worth $24,293,000 after acquiring an additional 1,501,744 shares during the period. Dimensional Fund Advisors LP increased its stake in C.H. Robinson Worldwide by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock worth $181,810,000 after acquiring an additional 25,674 shares during the period. Bank of America Corp DE raised its holdings 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 valued at $175,304,000 after acquiring an additional 127,103 shares in the last quarter. Finally, Capital World Investors acquired a new position in C.H. Robinson Worldwide in the 4th quarter valued at $165,976,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Key C.H. Robinson Worldwide News

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

• Positive Sentiment: Management expects the combination to generate approximately $300 million in annual synergies and become accretive to earnings in less than one year, potentially strengthening C.H. Robinson’s competitive position as third-party logistics firms consolidate. Why C.H. Robinson Stock Was Tumbling Today
• Positive Sentiment: The acquisition would significantly increase C.H. Robinson’s scale in truck brokerage, while RXO shareholders have responded favorably to the implied takeover value. CH Robinson to Buy RXO for $5.8 Billion in Trucking Brokerage Expansion
• Neutral Sentiment: JPMorgan lowered its C.H. Robinson price target from $225 to $198 but retained an Overweight rating, implying substantial potential upside from the recent trading level. JPMorgan Cuts C.H. Robinson Price Target
• Negative Sentiment: Investors are concerned about the deal’s size, execution risk, potential shareholder dilution from the stock component and additional leverage from the cash portion. Those concerns have outweighed the projected synergies in the initial market reaction. RXO Stock Soars as CH Robinson Acquires Truck Broker
• Negative Sentiment: The sharp decline in CHRW reflects skepticism that management can quickly integrate RXO and realize the promised cost savings, particularly amid uncertain freight-market conditions. CH Robinson Falls After Announcing RXO Acquisition

C.H. Robinson Worldwide Stock Down 10.8%

Shares of NASDAQ CHRW opened at $140.61 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.32 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 stock has a 50-day moving average price of $149.89 and a two-hundred day moving average price of $169.70.

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, 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 company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the company posted $1.29 EPS. The firm's quarterly revenue was up 19.3% compared to the same quarter last year. As a group, analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.19 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is currently 48.09%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Truist Financial increased their target price on C.H. Robinson Worldwide from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Wednesday, July 15th. Stephens cut their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. Evercore reiterated an "outperform" rating and set a $237.00 price objective on shares of C.H. Robinson Worldwide in a research note on Thursday, July 30th. Raymond James Financial set a $192.00 target price on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Finally, Wolfe Research set a $196.00 target price on shares of C.H. Robinson Worldwide in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $196.64.

About C.H. Robinson Worldwide

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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