Cooper Financial Group Purchases 8,574 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Cooper Financial Group acquired 8,574 CHRW shares worth approximately $1.27 million in the third quarter, while institutional investors collectively own 93.15% of the company.
• C.H. Robinson reported quarterly earnings of $1.61 per share, beating estimates of $1.53, with revenue rising 19.3% year over year to $4.93 billion. The company also pays a quarterly dividend of $0.63, equivalent to a 1.9% annual yield.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and a $195.40 average price target, though investors remain concerned about execution and financing risks tied to the planned $5.8 billion RXO acquisition.

Cooper Financial Group acquired a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,574 shares of the transportation company's stock, valued at approximately $1,269,000.

Several other hedge funds have also modified their holdings of CHRW. Whitcomb & Hess Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $176,000. Canandaigua National Bank & Trust Co. acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $1,179,000. Exchange Bank acquired a new position in C.H. Robinson Worldwide in the 3rd quarter worth about $1,473,000. Greenfield Savings Bank purchased a new position in C.H. Robinson Worldwide during the third quarter worth approximately $2,802,000. Finally, Investors Research Corp acquired a new stake in C.H. Robinson Worldwide in the third quarter valued at approximately $33,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of NASDAQ CHRW opened at $135.18 on Thursday. The firm has a 50-day simple moving average of $148.44 and a 200-day simple moving average of $169.17. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $15.80 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 52 week low of $123.64 and a 52 week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its 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 business had revenue of $4.93 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $1.29 EPS. On average, equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.2 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Dividend Announcement

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

Trending Headlines about 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

Analyst Ratings Changes

A number of analysts have recently commented on CHRW shares. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Jefferies Financial Group reiterated a "buy" rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research report on Tuesday. Stephens dropped 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 note on Thursday, July 30th. Wolfe Research set a $196.00 price target on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Finally, Truist Financial reduced their price objective on shares of C.H. Robinson Worldwide from $215.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $195.40.

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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