Neville Rodie & Shaw Inc. Buys New Holdings in C.H. Robinson Worldwide, Inc. $CHRW

Neville Rodie & Shaw Inc. purchased a new stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the third quarter, according to its most recent filing with the SEC. The fund purchased 7,595 shares of the transportation company’s stock, valued at approximately $1,124,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Baker Tilly Wealth Management LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth $748,000. Eastover Investment Advisors LLC bought a new stake in C.H. Robinson Worldwide during the third quarter valued at $252,000. Adelphi Trust Co bought a new stake in C.H. Robinson Worldwide during the third quarter valued at $530,000. Argent Capital Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 7.8% during the third quarter. Argent Capital Management LLC now owns 17,472 shares of the transportation company’s stock worth $2,636,000 after purchasing an additional 1,257 shares during the period. Finally, Eastern Bank raised its holdings in shares of C.H. Robinson Worldwide by 40.8% during the third quarter. Eastern Bank now owns 690 shares of the transportation company’s stock worth $102,000 after purchasing an additional 200 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

More C.H. Robinson Worldwide News

Here are the key news stories impacting C.H. Robinson Worldwide this week:

• Positive Sentiment: The acquisition would strengthen CHRW’s position in North American truck brokerage and create a logistics company with an enterprise value exceeding $25 billion. The transaction also gives CHRW greater scale as the third-party logistics industry undergoes consolidation. CH Robinson to buy RXO for $5.8 billion in trucking brokerage expansion
• Positive Sentiment: Management is pursuing the deal as a strategic expansion of its transportation network, potentially improving competitive positioning and creating opportunities for operating efficiencies once the businesses are combined. C.H. Robinson to Buy RXO for About $5 Billion
• Neutral Sentiment: The transaction is structured with both stock and cash, and is subject to customary closing conditions. Its ultimate effect on CHRW will depend on approval, financing, integration execution and the ability to realize expected strategic benefits. CH Robinson Announces Merger Agreement to Acquire RXO
• Negative Sentiment: CHRW shares decreased as investors focused on the immediate financial costs of the acquisition, including potential shareholder dilution and higher leverage. The market’s reaction indicates skepticism that the long-term benefits will quickly offset the transaction’s near-term risks. RXO Stock Soars as CH Robinson Acquires Truck Broker

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CHRW shares. Deutsche Bank Aktiengesellschaft reaffirmed 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. Susquehanna lifted their target price on C.H. Robinson Worldwide from $215.00 to $226.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Freedom Capital raised C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. Weiss Ratings cut C.H. Robinson Worldwide from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Finally, Raymond James Financial set a $192.00 price target on C.H. Robinson Worldwide in a 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 assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of “Moderate Buy” and an average price target of $196.64.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded down $20.00 during mid-day trading on Monday, reaching $137.72. 5,324,508 shares of the company’s stock traded hands, compared to its average volume of 1,946,016. 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 business’s 50-day moving average price is $150.57 and its 200-day moving average price is $169.92. The stock has a market capitalization of $16.09 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 1.32 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.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted 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 firm had revenue of $4.93 billion for 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 firm’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the firm earned $1.29 EPS. Equities analysts predict that C.H. Robinson Worldwide, Inc. will post 6.19 earnings per share for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced 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 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio is currently 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.