Grimes Company Lowers stake in C.H. Robinson Worldwide (CHRW)

C.H. Robinson Worldwide (CHRW) : Grimes Company reduced its stake in C.H. Robinson Worldwide by 2.14% during the most recent quarter end. The investment management company now holds a total of 111,938 shares of C.H. Robinson Worldwide which is valued at $7,944,240 after selling 2,444 shares in C.H. Robinson Worldwide , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.C.H. Robinson Worldwide makes up approximately 1.03% of Grimes Company’s portfolio.

C.H. Robinson Worldwide opened for trading at $71.27 and hit $71.97 on the upside on Monday, eventually ending the session at $71.81, with a gain of 1.18% or 0.84 points. The heightened volatility saw the trading volume jump to 13,75,991 shares. Company has a market cap of $10,286 M.

Other Hedge Funds, Including , Cambridge Advisors reduced its stake in CHRW by selling 3,000 shares or 22.77% in the most recent quarter. The Hedge Fund company now holds 10,175 shares of CHRW which is valued at $722,120. C.H. Robinson Worldwide makes up approx 0.33% of Cambridge Advisors’s portfolio.Cornerstone Advisors reduced its stake in CHRW by selling 4 shares or 10.81% in the most recent quarter. The Hedge Fund company now holds 33 shares of CHRW which is valued at $2,460. Dnb Asset Management As added CHRW to its portfolio by purchasing 15,651 company shares during the most recent quarter which is valued at $1,150,505. C.H. Robinson Worldwide makes up approx 0.02% of Dnb Asset Management As’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.

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