C.H. Robinson Worldwide, Inc. $CHRW Stock Acquired by Park National Corp OH

Key Points

• Park National Corp OH increased its C.H. Robinson stake by 414.8% in the third quarter, ending with 9,209 shares valued at approximately $1.36 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $196.64, despite JPMorgan lowering its target to $198. C.H. Robinson shares recently traded at $140.61, below both their 50-day and 200-day moving averages.
• The company reported better-than-expected quarterly results, with EPS of $1.61 and revenue of $4.93 billion, up 19.3% year over year. It also pays a quarterly dividend of $0.63, representing an annualized yield of about 1.8%.

Park National Corp OH increased its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 414.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,209 shares of the transportation company's stock after purchasing an additional 7,420 shares during the period. Park National Corp OH's holdings in C.H. Robinson Worldwide were worth $1,363,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. WCM Investment Management LLC purchased a new position in C.H. Robinson Worldwide during the first quarter worth $579,922,000. Dimensional Fund Advisors LP lifted its position in shares of C.H. Robinson Worldwide by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,094,992 shares of the transportation company's stock valued at $181,810,000 after acquiring an additional 25,674 shares in the last quarter. Bank of America Corp DE lifted its position in shares of C.H. Robinson Worldwide by 13.7% in the first 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. Bank of New York Mellon Corp acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter valued at $172,626,000. Finally, Capital World Investors acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter valued at $165,976,000. Hedge funds and other institutional investors own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CHRW shares. JPMorgan Chase & Co. cut their target price on shares of C.H. Robinson Worldwide from $225.00 to $198.00 and set an "overweight" rating for the company in a research note on Monday. Janney Montgomery Scott set a $155.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 28th. 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. Sanford C. Bernstein cut their price objective on shares of C.H. Robinson Worldwide from $153.00 to $151.00 and set a "market perform" rating for the company in a research report on Tuesday, August 11th. Finally, Stephens reduced their price objective on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th. One equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $196.64.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock opened at $140.61 on Tuesday. The stock's 50-day moving average is $149.89 and its 200-day moving average is $169.70. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. 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, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The business had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $4.35 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The company's revenue for the quarter was up 19.3% on a year-over-year basis. Equities analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.19 earnings per share 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. Stockholders of record on Friday, September 4th were paid a $0.63 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 48.09%.

C.H. Robinson Worldwide News Roundup

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

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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