American National Bank & Trust raised its holdings in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW – Free Report) by 15,945.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,616 shares of the transportation company’s stock after acquiring an additional 5,581 shares during the period. American National Bank & Trust’s holdings in C.H. Robinson Worldwide were worth $831,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in CHRW. Burkett Financial Services LLC purchased a new position in C.H. Robinson Worldwide in the third quarter valued at $25,000. Millstone Evans Group LLC raised its holdings 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 acquiring an additional 71 shares during the last quarter. Continuum Advisory LLC purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $27,000. NBH Bank purchased a new position in C.H. Robinson Worldwide during the second quarter worth about $29,000. Finally, Cornerstone Planning Group LLC increased its stake in C.H. Robinson Worldwide by 57.3% during the first 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. 93.15% of the stock is owned by hedge funds and other institutional investors.
C.H. Robinson Worldwide News Roundup
Here are the key news stories impacting C.H. Robinson Worldwide this week:
- Positive Sentiment: C.H. Robinson agreed to acquire RXO for approximately $5.8 billion in cash and stock. Management expects the combination to generate about $300 million in annual cost synergies, expand its logistics network and improve artificial-intelligence capabilities. The company also expects the transaction to become accretive to earnings in less than one year. Why C.H. Robinson Stock Was Tumbling Today
- Positive Sentiment: Some analysts view the RXO transaction as strategically beneficial, with the larger platform potentially strengthening CHRW’s competitive position and creating operating leverage as the freight market improves. C.H. Robinson to Benefit From RXO Acquisition
- Neutral Sentiment: JPMorgan lowered its CHRW price target from $225 to $198 but maintained an “overweight” rating. The revised target still implies substantial upside from recently quoted levels, suggesting the analyst remains constructive while incorporating deal-related risks. JPMorgan Cuts C.H. Robinson Price Target
- Negative Sentiment: The stock has declined sharply since the RXO announcement because investors are concerned about the deal’s $5.8 billion price, potential shareholder dilution, financing requirements and the execution risk of integrating the businesses. Skepticism is also evident in commentary questioning whether the acquisition creates value quickly enough. C.H. Robinson Falls After RXO Acquisition
- Negative Sentiment: CHRW’s chief executive warned that rising diesel costs could accelerate consolidation among freight brokers. While consolidation may eventually benefit larger operators, higher fuel expenses and ongoing freight-market pressure could weigh on near-term margins and demand. C.H. Robinson CEO Discusses Freight Broker Consolidation
Analyst Upgrades and Downgrades
C.H. Robinson Worldwide Stock Performance
Shares of NASDAQ:CHRW traded up $0.27 on Wednesday, hitting $135.32. The company’s stock had a trading volume of 1,095,276 shares, compared to its average volume of 1,969,402. The stock’s 50-day moving average is $149.21 and its two-hundred day moving average is $169.45. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. 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 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 issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 3.73% and a return on equity of 38.36%. C.H. Robinson Worldwide’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 EPS. On average, equities research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.19 EPS for the current year.
C.H. Robinson Worldwide Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. C.H. Robinson Worldwide’s dividend payout ratio 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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