C.H. Robinson Worldwide (CHRW) : Autus Asset Management scooped up 2,351 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 Aug 8, 2016. The investment management firm now holds a total of 48,635 shares of C.H. Robinson Worldwide which is valued at $3,357,274.C.H. Robinson Worldwide makes up approximately 0.74% of Autus Asset Management’s portfolio.
Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. boosted its stake in CHRW in the latest quarter, The investment management firm added 8,117 additional shares and now holds a total of 97,744 shares of C.H. Robinson Worldwide which is valued at $6,747,268. C.H. Robinson Worldwide makes up approx 0.06% of Bnp Paribas Investment Partners S.a.’s portfolio.Yacktman Asset Management Lp reduced its stake in CHRW by selling 510,967 shares or 32.94% in the most recent quarter. The Hedge Fund company now holds 1,040,092 shares of CHRW which is valued at $71,547,929. C.H. Robinson Worldwide makes up approx 0.58% of Yacktman Asset Management Lp’s portfolio.Horan Capital Management reduced its stake in CHRW by selling 1,463 shares or 1.55% in the most recent quarter. The Hedge Fund company now holds 92,941 shares of CHRW which is valued at $6,694,540. C.H. Robinson Worldwide makes up approx 1.78% of Horan Capital Management’s portfolio.Rockland Trust Co reduced its stake in CHRW by selling 144 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 107,463 shares of CHRW which is valued at $7,740,560. C.H. Robinson Worldwide makes up approx 1.28% of Rockland Trust Co’s portfolio.
C.H. Robinson Worldwide closed down -0.45 points or -0.65% at $69.23 with 10,15,090 shares getting traded on Monday. Post opening the session at $69.54, the shares hit an intraday low of $69.085 and an intraday high of $69.9316 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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. Shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Outperform” and Lowered the Price Target to $ 76 from a previous price target of $80 .C.H. Robinson Worldwide was Downgraded by Raymond James to ” Mkt Perform” on Jul 18, 2016. JP Morgan Initiated C.H. Robinson Worldwide on Jul 11, 2016 to “Underweight”, Price Target of the shares are set at $66.
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.