Neville Rodie & Shaw Inc. Buys New Shares in C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Neville Rodie & Shaw acquired 7,595 C.H. Robinson shares worth approximately $1.12 million in the third quarter, while institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $196.64, despite individual targets ranging from $151 to $237.
• CHRW shares fell $20 to $137.72 during Monday trading. The company recently beat quarterly earnings and revenue estimates and continues to pay a quarterly dividend of $0.63, or $2.52 annually, yielding about 1.8%.

Neville Rodie & Shaw Inc. purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,595 shares of the transportation company's stock, valued at approximately $1,124,000.

Several other institutional investors have also recently made changes to their positions in CHRW. Baker Tilly Wealth Management LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth approximately $748,000. Eastover Investment Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter worth approximately $252,000. Adelphi Trust Co acquired a new stake in shares of C.H. Robinson Worldwide in the third quarter valued at about $530,000. Argent Capital Management LLC lifted its stake in C.H. Robinson Worldwide by 7.8% in the 3rd quarter. Argent Capital Management LLC now owns 17,472 shares of the transportation company's stock worth $2,636,000 after purchasing an additional 1,257 shares in the last quarter. Finally, Eastern Bank boosted its stake in C.H. Robinson Worldwide by 40.8% during the third quarter. Eastern Bank now owns 690 shares of the transportation company's stock worth $102,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CHRW shares. Evercore reiterated an "outperform" rating and issued a $237.00 price objective on shares of C.H. Robinson Worldwide in a report on Thursday, July 30th. Stifel Nicolaus boosted their price target on shares of C.H. Robinson Worldwide from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Robert W. Baird reduced their target price on shares of C.H. Robinson Worldwide from $230.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. Sanford C. Bernstein reduced their price objective on shares of C.H. Robinson Worldwide from $153.00 to $151.00 and set a "market perform" rating on the stock in a report on Tuesday, August 11th. Finally, BMO Capital Markets raised their target price on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a "market perform" rating in a research report on Monday, July 13th. One 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 given a Sell rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide has an average rating of "Moderate Buy" and an average price target of $196.64.

C.H. Robinson Worldwide News Roundup

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

• Positive Sentiment: The acquisition would strengthen CHRW’s position in North American truck brokerage and create a logistics company with an enterprise value exceeding $25 billion. The transaction also gives CHRW greater scale as the third-party logistics industry undergoes consolidation. CH Robinson to buy RXO for $5.8 billion in trucking brokerage expansion
• Positive Sentiment: Management is pursuing the deal as a strategic expansion of its transportation network, potentially improving competitive positioning and creating opportunities for operating efficiencies once the businesses are combined. C.H. Robinson to Buy RXO for About $5 Billion
• Neutral Sentiment: The transaction is structured with both stock and cash, and is subject to customary closing conditions. Its ultimate effect on CHRW will depend on approval, financing, integration execution and the ability to realize expected strategic benefits. CH Robinson Announces Merger Agreement to Acquire RXO
• Negative Sentiment: CHRW shares decreased as investors focused on the immediate financial costs of the acquisition, including potential shareholder dilution and higher leverage. The market’s reaction indicates skepticism that the long-term benefits will quickly offset the transaction’s near-term risks. RXO Stock Soars as CH Robinson Acquires Truck Broker

C.H. Robinson Worldwide Price Performance

CHRW stock traded down $20.00 during midday trading on Monday, hitting $137.72. 5,324,508 shares of the stock were exchanged, compared to its average volume of 1,946,016. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 1.32 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $123.64 and a fifty-two week high of $210.33. The stock's 50-day moving average price is $150.57 and its 200-day moving average price is $169.92. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 earnings per share. Research analysts predict that C.H. Robinson Worldwide, Inc. will post 6.19 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed 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 of this dividend 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 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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