KFA Private Wealth Group LLC Buys New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

KFA Private Wealth Group LLC purchased a new stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) during the third quarter, according to the company in its most recent filing 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 also recently made changes to their positions in the company. Elevation Wealth Partners LLC raised its holdings in C.H. Robinson Worldwide by 1,369.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 617 shares of the transportation company’s stock worth $91,000 after acquiring an additional 575 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $62,000. Cooper Financial Group purchased a new stake in C.H. Robinson Worldwide during the 3rd quarter valued at $1,269,000. Whitcomb & Hess Inc. bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $176,000. Finally, Canandaigua National Bank & Trust Co. bought a new stake in shares of C.H. Robinson Worldwide in the 3rd quarter worth $1,179,000. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRW has been the topic of a number of research analyst reports. Truist Financial lowered their price target on C.H. Robinson Worldwide from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore set a $217.00 price objective on C.H. Robinson Worldwide in a report on Tuesday. Sanford C. Bernstein reissued a “market perform” rating on shares of C.H. Robinson Worldwide in a research report on Tuesday. Citizens Jmp started coverage on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 15th. They set a “market perform” rating and a $235.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $220.00 target price on shares of C.H. Robinson Worldwide in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.40.

Key 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 Stock Performance

Shares of CHRW stock 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. C.H. Robinson Worldwide, Inc. has a 12 month low of $123.64 and a 12 month high of $210.33. The firm has a 50 day moving average price of $149.21 and a two-hundred day moving average price of $169.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market capitalization of $15.80 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly 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 business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the company earned $1.29 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, research analysts forecast that C.H. Robinson Worldwide, Inc. will post 6.19 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

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