Venture Visionary Partners LLC Buys 26,510 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Key Points

• Venture Visionary Partners purchased 26,510 shares of C.H. Robinson Worldwide in the third quarter, valued at approximately $3.92 million. Institutional investors collectively own 93.15% of the company.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $195.40, despite shares recently trading near $135.
• C.H. Robinson reported quarterly earnings of $1.61 per share, surpassing estimates of $1.53, while revenue rose 19.3% year over year to $4.93 billion. The company also maintains a quarterly dividend of $0.63 per share, yielding about 1.9%.

Venture Visionary Partners LLC bought a new position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,510 shares of the transportation company's stock, valued at approximately $3,922,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Burkett Financial Services LLC acquired a new position in C.H. Robinson Worldwide during the third quarter valued at $25,000. Millstone Evans Group LLC lifted its stake in C.H. Robinson Worldwide by 79.8% in the 1st quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company's stock worth $27,000 after acquiring an additional 71 shares in the last quarter. Continuum Advisory LLC acquired a new stake in C.H. Robinson Worldwide during the 2nd quarter worth about $27,000. NBH Bank acquired a new stake in shares of C.H. Robinson Worldwide during the second quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of C.H. Robinson Worldwide by 57.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company's stock valued at $31,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Janney Montgomery Scott set a $155.00 price objective on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Citigroup reaffirmed a "market outperform" rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Stifel Nicolaus raised their price target on 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. Weiss Ratings lowered C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. Finally, Citizens Jmp started coverage on C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They issued a "market perform" rating and a $235.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $195.40.

C.H. Robinson Worldwide Trading Up 0.1%

Shares of NASDAQ:CHRW opened at $135.18 on Thursday. The stock has a market capitalization of $15.80 billion, a PE ratio of 25.80, a P/E/G ratio of 1.13 and a beta of 0.94. C.H. Robinson Worldwide, Inc. has a 1 year low of $123.64 and a 1 year high of $210.33. The firm has a fifty day moving average price of $148.44 and a 200 day moving average price of $169.17. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.04.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the business posted $1.29 earnings per share. The business's quarterly revenue was up 19.3% on a year-over-year basis. Analysts expect that C.H. Robinson Worldwide, Inc. will post 6.2 EPS for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

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

C.H. Robinson Worldwide News Summary

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 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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