Somerset Group Lowers stake in C.H. Robinson Worldwide (CHRW)

C.H. Robinson Worldwide (CHRW) : Somerset Group reduced its stake in C.H. Robinson Worldwide by 1.26% during the most recent quarter end. The investment management company now holds a total of 125,496 shares of C.H. Robinson Worldwide which is valued at $8,690,598 after selling 1,600 shares in C.H. Robinson Worldwide , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.C.H. Robinson Worldwide makes up approximately 8.76% of Somerset Group’s portfolio.

Other Hedge Funds, Including , Penserra Capital Management boosted its stake in CHRW in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 129 shares of C.H. Robinson Worldwide which is valued at $8,905.Autus Asset Management boosted its stake in CHRW in the latest quarter, The investment management firm added 2,351 additional shares and 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 approx 0.74% of Autus Asset Management’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in CHRW in the latest quarter, The investment management firm added 335 additional shares and now holds a total of 22,818 shares of C.H. Robinson Worldwide which is valued at $1,569,650. C.H. Robinson Worldwide makes up approx 0.04% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Gateway Investment Advisers reduced its stake in CHRW by selling 85 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 10,127 shares of CHRW which is valued at $737,549. C.H. Robinson Worldwide makes up approx 0.01% of Gateway Investment Advisers’s portfolio.

C.H. Robinson Worldwide opened for trading at $70 and hit $70.01 on the upside on Wednesday, eventually ending the session at $69.9, with a gain of 0.11% or 0.08 points. The heightened volatility saw the trading volume jump to 14,43,524 shares. Company has a market cap of $9,975 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.

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.

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