Exchange Bank Makes New $1.47 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

Exchange Bank acquired a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,958 shares of the transportation company’s stock, valued at approximately $1,473,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Argent Capital Management LLC bought a new position in C.H. Robinson Worldwide during the 1st quarter valued at about $5,017,000. Amundi increased its holdings in shares of C.H. Robinson Worldwide by 24.7% during the first quarter. Amundi now owns 338,574 shares of the transportation company’s stock worth $56,227,000 after buying an additional 67,108 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of C.H. Robinson Worldwide by 469.4% during the first quarter. Empowered Funds LLC now owns 66,724 shares of the transportation company’s stock worth $11,081,000 after buying an additional 55,005 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $10,997,000. Finally, Dimensional Fund Advisors LP raised its stake 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 during the last quarter. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of research analyst reports. Stephens decreased their price target on C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Citigroup reiterated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Bank of America restated a “buy” rating and set a $203.00 target price on shares of C.H. Robinson Worldwide in a report on Tuesday. Jefferies Financial Group restated a “buy” rating and issued a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday. Finally, Citizens Jmp assumed coverage on C.H. Robinson Worldwide in a report on Wednesday, July 15th. They issued a “market perform” rating and a $235.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average target price of $195.40.

C.H. Robinson Worldwide Trading Up 0.1%

CHRW stock traded up $0.13 during trading on Wednesday, hitting $135.18. The company had a trading volume of 2,510,082 shares, compared to its average volume of 1,977,620. The firm has a 50-day moving average price of $149.21 and a 200-day moving average price of $169.45. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. 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 cap of $15.80 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.18 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%.The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $1.29 EPS. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 48.09%.

C.H. Robinson Worldwide News Summary

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 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.