C.H. Robinson Worldwide, Inc. $CHRW Shares Newly Purchased by Applied Capital LLC FL

Key Points

• Applied Capital LLC FL acquired 18,204 CHRW shares worth approximately $2.7 million during the third quarter, making C.H. Robinson its 19th-largest holding and representing 1% of its portfolio.
• Institutional ownership remains high at 93.15%, with several major investors—including WCM Investment Management, Dimensional Fund Advisors and Bank of America—holding or increasing sizable positions.
• C.H. Robinson’s proposed $5.8 billion RXO acquisition could expand its logistics network and generate about $300 million in cost synergies, but investors remain concerned about financing, execution and the time required to realize benefits; analysts maintain a “Moderate Buy” consensus with an average price target of $195.40.

Applied Capital LLC FL acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,204 shares of the transportation company's stock, valued at approximately $2,693,000. C.H. Robinson Worldwide comprises 1.0% of Applied Capital LLC FL's investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. WCM Investment Management LLC purchased a new stake in C.H. Robinson Worldwide during the first quarter valued at about $579,922,000. Dimensional Fund Advisors LP raised its position 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 worth $181,810,000 after purchasing an additional 25,674 shares during the period. Bank of America Corp DE raised 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 purchasing an additional 127,103 shares during the period. Bank of New York Mellon Corp bought a new stake in C.H. Robinson Worldwide in the second quarter worth $172,626,000. Finally, Sei Investments Co. lifted its stake in C.H. Robinson Worldwide by 532.7% in the first quarter. Sei Investments Co. now owns 659,932 shares of the transportation company's stock worth $109,594,000 after purchasing an additional 555,631 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting C.H. Robinson Worldwide

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 Trading Up 0.1%

Shares of NASDAQ CHRW opened at $135.18 on Thursday. 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, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The company has a market cap of $15.80 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 1.13 and a beta of 0.94. The business has a fifty day simple moving average of $148.44 and a 200-day simple moving average of $169.17.

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, topping analysts' consensus estimates of $1.53 by $0.08. The firm had revenue of $4.93 billion for the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.C.H. Robinson Worldwide's revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. Sell-side analysts predict that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CHRW shares. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a research note on Tuesday, July 28th. Stifel Nicolaus upped their price objective on shares of C.H. Robinson Worldwide from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, July 31st. TD Cowen restated a "hold" rating on shares of C.H. Robinson Worldwide in a research 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. Finally, Truist Financial reduced their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and an average price target of $195.40.

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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