C.H. Robinson Worldwide (CHRW) : Transamerica Financial Advisors scooped up 15,717 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 12, 2016. The investment management firm now holds a total of 106,869 shares of C.H. Robinson Worldwide which is valued at $7,446,632.C.H. Robinson Worldwide makes up approximately 0.74% of Transamerica Financial Advisors’s portfolio.
Other Hedge Funds, Including , Acrospire Investment Management reduced its stake in CHRW by selling 900 shares or 75.0% in the most recent quarter. The Hedge Fund company now holds 300 shares of CHRW which is valued at $20,775. C.H. Robinson Worldwide makes up approx 0.01% of Acrospire Investment Management’s portfolio. Turner Investments sold out all of its stake in CHRW during the most recent quarter. The investment firm sold 5,700 shares of CHRW which is valued $394,554.Canandaigua National Bank Trust Co reduced its stake in CHRW by selling 128 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 4,693 shares of CHRW which is valued at $320,767. C.H. Robinson Worldwide makes up approx 0.09% of Canandaigua National Bank Trust Co’s portfolio.
C.H. Robinson Worldwide opened for trading at $68.78 and hit $69.44 on the upside on Monday, eventually ending the session at $69.43, with a gain of 0.95% or 0.65 points. The heightened volatility saw the trading volume jump to 7,68,172 shares. Company has a market cap of $9,908 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 Aug 11, 2016, C.H. Robinson Worldwide announced a cash dividend of $0.4300. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Sep 30, 2016.
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.