C.H. Robinson Worldwide (CHRW) : Somerset Group reduced its stake in C.H. Robinson Worldwide by 1.48% during the most recent quarter end. The investment management company now holds a total of 127,096 shares of C.H. Robinson Worldwide which is valued at $9,476,278 after selling 1,911 shares in C.H. Robinson Worldwide , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.C.H. Robinson Worldwide makes up approximately 9.94% of Somerset Group’s portfolio.
C.H. Robinson Worldwide opened for trading at $74.45 and hit $74.98 on the upside on Friday, eventually ending the session at $74.56, with a gain of 0.34% or 0.25 points. The heightened volatility saw the trading volume jump to 6,39,117 shares. Company has a market cap of $10,680 M.
Other Hedge Funds, Including , Palo Capital boosted its stake in CHRW in the latest quarter, The investment management firm added 6,190 additional shares and now holds a total of 21,854 shares of C.H. Robinson Worldwide which is valued at $1,629,434. C.H. Robinson Worldwide makes up approx 1.29% of Palo Capital’s portfolio.Oakbrook Investments reduced its stake in CHRW by selling 200 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 7,900 shares of CHRW which is valued at $580,729. C.H. Robinson Worldwide makes up approx 0.04% of Oakbrook Investments’s portfolio. Integrated Investment Consultants added CHRW to its portfolio by purchasing 525 company shares during the most recent quarter which is valued at $38,593. C.H. Robinson Worldwide makes up approx 0.02% of Integrated Investment Consultants’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in CHRW by selling 4,515 shares or 22.11% in the most recent quarter. The Hedge Fund company now holds 15,910 shares of CHRW which is valued at $1,169,544. C.H. Robinson Worldwide makes up approx 0.29% of Daiwa Sb Investments Ltd.’s portfolio.
On the company’s financial health, C.H. Robinson Worldwide reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.87. The company had revenue of $3210.90 million for the quarter, compared to analysts expectations of $3344.58 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.
Many Wall Street Analysts have commented on C.H. Robinson Worldwide. C.H. Robinson Worldwide was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 15, 2016. C.H. Robinson Worldwide was Upgraded by Buckingham Research to ” Buy” on Feb 11, 2016. C.H. Robinson Worldwide was Upgraded by Raymond James to ” Outperform” on Feb 4, 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.