KFA Private Wealth Group LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,647 shares of the transportation company’s stock, valued at approximately $836,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. WCM Investment Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 1st quarter worth about $579,922,000. Auto Owners Insurance Co lifted its holdings in shares of C.H. Robinson Worldwide by 15,976.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,511,144 shares of the transportation company’s stock valued at $24,293,000 after acquiring an additional 1,501,744 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 valued at $181,810,000 after acquiring an additional 25,674 shares during the last quarter. Bank of America Corp DE grew its position in 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 worth $175,304,000 after acquiring an additional 127,103 shares in the last quarter. Finally, Capital World Investors purchased a new position in C.H. Robinson Worldwide in the fourth quarter worth about $165,976,000. 93.15% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. BMO Capital Markets lifted their target price on C.H. Robinson Worldwide from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Monday, July 13th. Janney Montgomery Scott set a $155.00 target price on C.H. Robinson Worldwide in a research report on Tuesday, July 28th. Citizens Jmp began coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They set a “market perform” rating and a $235.00 price target on the stock. Finally, Citigroup restated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $195.40.
More C.H. Robinson Worldwide News
Here are the key news stories impacting C.H. Robinson Worldwide this week:
- Positive Sentiment: The RXO acquisition could expand C.H. Robinson’s logistics network, strengthen its technology and artificial-intelligence capabilities, and generate approximately $300 million in projected cost synergies. Management characterized the deal as a way to improve scale and competitiveness in freight brokerage. C.H. Robinson to Benefit From RXO Acquisition
- Positive Sentiment: C.H. Robinson’s history of quarterly earnings surprises and favorable estimates revisions could support another earnings beat in the next report, potentially providing a near-term catalyst. Will C.H. Robinson Beat Estimates Again
- Positive Sentiment: The company may benefit from further consolidation among freight brokers, as smaller operators face pressure from elevated diesel and operating costs. Greater industry scale could improve CHRW’s competitive position. C.H. Robinson CEO Sees Freight Broker Consolidation
- Neutral Sentiment: Brokerages cited a consensus price target of $196.64, substantially above the current trading level, but the target reflects analysts’ expectations rather than a new company announcement. C.H. Robinson Consensus Price Target
- Negative Sentiment: Investors appear concerned that the RXO transaction could bring integration challenges, execution risk and additional financial pressure before synergies are realized. Some analysis argues the acquisition is not an immediate shortcut to improving CHRW’s valuation. C.H. Robinson: RXO Is No Shortcut to Value
C.H. Robinson Worldwide Trading Up 0.1%
Shares of CHRW traded up $0.13 during mid-day trading on Wednesday, reaching $135.18. 2,510,082 shares of the company’s stock traded hands, compared to its average volume of 1,977,620. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.58 and a quick ratio of 1.58. The stock’s 50-day moving average is $149.21 and its two-hundred day moving average is $169.45. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The stock has a market cap of $15.80 billion, a P/E ratio of 25.80, a P/E/G ratio of 1.18 and a beta of 0.94.
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 (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 firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same period last year, the company earned $1.29 EPS. C.H. Robinson Worldwide’s quarterly revenue was up 19.3% compared to the same quarter last year. Research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.19 earnings per share for the current fiscal year.
C.H. Robinson Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given 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 was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.
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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