C.H. Robinson Worldwide (CHRW) : Dumont Blake Investment Advisors reduced its stake in C.H. Robinson Worldwide by 0.74% during the most recent quarter end. The investment management company now holds a total of 10,075 shares of C.H. Robinson Worldwide which is valued at $751,192 after selling 75 shares in C.H. Robinson Worldwide , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.C.H. Robinson Worldwide makes up approximately 0.39% of Dumont Blake Investment Advisors’s portfolio.
C.H. Robinson Worldwide closed down -3.9 points or -5.15% at $71.81 with 35,08,580 shares getting traded on Wednesday. Post opening the session at $71.66, the shares hit an intraday low of $70.08 and an intraday high of $73.58 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in CHRW during the most recent quarter. The investment firm sold 18,888 shares of CHRW which is valued $1,408,289.Windsor Financial Group boosted its stake in CHRW in the latest quarter, The investment management firm added 687 additional shares and now holds a total of 56,776 shares of C.H. Robinson Worldwide which is valued at $4,233,219. C.H. Robinson Worldwide makes up approx 1.91% of Windsor Financial Group’s portfolio.Independent Portfolio Consultants boosted its stake in CHRW in the latest quarter, The investment management firm added 990 additional shares and now holds a total of 2,900 shares of C.H. Robinson Worldwide which is valued at $213,179. C.H. Robinson Worldwide makes up approx 0.06% of Independent Portfolio Consultants’s portfolio. Filament added CHRW to its portfolio by purchasing 3,200 company shares during the most recent quarter which is valued at $229,664. C.H. Robinson Worldwide makes up approx 0.11% of Filament’s portfolio.
On the company’s financial health, C.H. Robinson Worldwide reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.82. The company had revenue of $3073.90 million for the quarter, compared to analysts expectations of $3173.01 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 EPS.
Many Wall Street Analysts have commented on C.H. Robinson Worldwide. Company shares were Reiterated by Cowen on Apr 27, 2016 to “Market Perform”, Firm has raised the Price Target to $ 71 from a previous price target of $69 .C.H. Robinson Worldwide was Downgraded by BB&T Capital Mkts to ” Hold” on Apr 27, 2016. C.H. Robinson Worldwide was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 15, 2016.
C.H. Robinson Worldwide Inc. is a third party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes in a variety of industries. The Company operates through a network of 281 offices in North America Europe Asia and South America. It has developed global transportation and distribution networks to provide transportation and supply chain services worldwide. It also provides sourcing services through Robinson Fresh. Sourcing business involves the buying selling and marketing of fresh fruits vegetables and other perishable items. The Company supplies fresh produce through its network of independent produce growers and suppliers. Its customers include grocery retailers and restaurants produce wholesalers and foodservice distributors. It also arranges the logistics and transportation of the products it sells and provides related supply chain services such as replenishment category management and merchandising.