Greenfield Savings Bank Buys New Stake in C.H. Robinson Worldwide, Inc. $CHRW

Greenfield Savings Bank bought a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,937 shares of the transportation company’s stock, valued at approximately $2,802,000. C.H. Robinson Worldwide accounts for 1.1% of Greenfield Savings Bank’s investment portfolio, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Continuum Advisory LLC bought a new position in shares of C.H. Robinson Worldwide in the second quarter valued at approximately $27,000. NBH Bank bought a new stake in shares of C.H. Robinson Worldwide during the 2nd quarter worth $29,000. Millstone Evans Group LLC grew 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 valued at $27,000 after buying an additional 71 shares during the last quarter. Burkett Financial Services LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter worth $25,000. Finally, Cornerstone Planning Group LLC lifted its position in 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 worth $31,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analysts Set New Price Targets

CHRW has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on C.H. Robinson Worldwide from $225.00 to $198.00 and set an “overweight” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $220.00 price objective on shares of C.H. Robinson Worldwide in a research report on Wednesday, July 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of C.H. Robinson Worldwide in a report on Tuesday. Weiss Ratings downgraded C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Finally, Wolfe Research set a $196.00 price target on C.H. Robinson Worldwide in a research report on Thursday, July 30th. One research 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.40.

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 Stock Performance

Shares of NASDAQ:CHRW traded up $0.13 on Wednesday, hitting $135.18. 2,510,082 shares of the company were exchanged, compared to its average volume of 1,977,620. The company’s 50 day moving average price is $149.21 and its two-hundred day moving average price is $169.45. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.18 and a beta of 0.94. 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, Inc. has a one year low of $123.64 and a one year high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company earned $1.29 earnings per share. Research analysts expect that C.H. Robinson Worldwide, Inc. will post 6.19 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders 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 (DPR) is presently 48.09%.

About C.H. Robinson Worldwide

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.