Employees Retirement System Of Texas buys $26.7 Million stake in C.H. Robinson Worldwide (CHRW)

C.H. Robinson Worldwide (CHRW) : Employees Retirement System Of Texas scooped up 331,000 additional shares in C.H. Robinson Worldwide during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 369,000 shares of C.H. Robinson Worldwide which is valued at $26.7 Million.C.H. Robinson Worldwide makes up approximately 0.37% of Employees Retirement System Of Texas’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management reduced its stake in CHRW by selling 739,742 shares or 23.53% in the most recent quarter. The Hedge Fund company now holds 2,404,682 shares of CHRW which is valued at $173.9 Million. C.H. Robinson Worldwide makes up approx 0.54% of Eaton Vance Management’s portfolio.Blackrock Group Ltd boosted its stake in CHRW in the latest quarter, The investment management firm added 8,338 additional shares and now holds a total of 1,118,739 shares of C.H. Robinson Worldwide which is valued at $80.9 Million. C.H. Robinson Worldwide makes up approx 0.04% of Blackrock Group Ltd’s portfolio.Centre Asset Management reduced its stake in CHRW by selling 56,650 shares or 31.77% in the most recent quarter. The Hedge Fund company now holds 121,670 shares of CHRW which is valued at $8.9 Million. C.H. Robinson Worldwide makes up approx 1.55% of Centre Asset Management’s portfolio.Baillie Gifford Co reduced its stake in CHRW by selling 143,000 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 5,853,891 shares of CHRW which is valued at $426.3 Million. C.H. Robinson Worldwide makes up approx 0.76% of Baillie Gifford Co’s portfolio.Sii Investments Incwi boosted its stake in CHRW in the latest quarter, The investment management firm added 235 additional shares and now holds a total of 5,679 shares of C.H. Robinson Worldwide which is valued at $403,039. C.H. Robinson Worldwide makes up approx 0.04% of Sii Investments Incwi’s portfolio.

C.H. Robinson Worldwide opened for trading at $73.53 and hit $74.49 on the upside on Friday, eventually ending the session at $74.32, with a gain of 1.67% or 1.22 points. The heightened volatility saw the trading volume jump to 10,93,561 shares. Company has a market cap of $10,610 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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