Boston Research Management Inc Lowers stake in C.H. Robinson Worldwide (CHRW)

C.H. Robinson Worldwide (CHRW) : Boston Research Management Inc reduced its stake in C.H. Robinson Worldwide by 0.08% during the most recent quarter end. The investment management company now holds a total of 39,822 shares of C.H. Robinson Worldwide which is valued at $2.9 Million after selling 30 shares in C.H. Robinson Worldwide , the firm said in a disclosure report filed with the SEC on May 13, 2016.C.H. Robinson Worldwide makes up approximately 1.81% of Boston Research Management Inc’s portfolio.

Other Hedge Funds, Including , Quadrature Capital Ltd sold out all of its stake in CHRW during the most recent quarter. The investment firm sold 20,894 shares of CHRW which is valued $1.5 Million.United Services Automobile Association boosted its stake in CHRW in the latest quarter, The investment management firm added 960 additional shares and now holds a total of 43,996 shares of C.H. Robinson Worldwide which is valued at $3.2 Million. C.H. Robinson Worldwide makes up approx 0.01% of United Services Automobile Association’s portfolio.California Public Employees Retirement System boosted its stake in CHRW in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 431,392 shares of C.H. Robinson Worldwide which is valued at $31.4 Million. C.H. Robinson Worldwide makes up approx 0.05% of California Public Employees Retirement System’s portfolio.

C.H. Robinson Worldwide opened for trading at $74.94 and hit $75.07 on the upside on Wednesday, eventually ending the session at $74.81, with a gain of 0.16% or 0.12 points. The heightened volatility saw the trading volume jump to 11,61,927 shares. Company has a market cap of $10,680 M.

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.

Investors should note that on May 12, 2016, C.H. Robinson Worldwide announced a cash dividend of $0.4300. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 30, 2016.

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.

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