Yacktman Asset Management Lp Lowers stake in C.H. Robinson Worldwide (CHRW)

C.H. Robinson Worldwide (CHRW) : Yacktman Asset Management Lp reduced its stake in C.H. Robinson Worldwide by 32.94% during the most recent quarter end. The investment management company now holds a total of 1,040,092 shares of C.H. Robinson Worldwide which is valued at $71,547,929 after selling 510,967 shares in C.H. Robinson Worldwide , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.C.H. Robinson Worldwide makes up approximately 0.58% of Yacktman Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Tradition Capital Management boosted its stake in CHRW in the latest quarter, The investment management firm added 460 additional shares and now holds a total of 12,410 shares of C.H. Robinson Worldwide which is valued at $853,684. C.H. Robinson Worldwide makes up approx 0.28% of Tradition Capital Management’s portfolio. Acadian Asset Management sold out all of its stake in CHRW during the most recent quarter. The investment firm sold 1,907 shares of CHRW which is valued $135,721. Americafirst Capital Management added CHRW to its portfolio by purchasing 1,194 company shares during the most recent quarter which is valued at $84,977. C.H. Robinson Worldwide makes up approx 0.06% of Americafirst Capital Management’s portfolio.V Wealth Managementllc reduced its stake in CHRW by selling 25,307 shares or 67.12% in the most recent quarter. The Hedge Fund company now holds 12,395 shares of CHRW which is valued at $882,152. C.H. Robinson Worldwide makes up approx 0.70% of V Wealth Managementllc’s portfolio.British Columbia Investment Management Corp reduced its stake in CHRW by selling 8,962 shares or 9.02% in the most recent quarter. The Hedge Fund company now holds 90,430 shares of CHRW which is valued at $6,730,705. C.H. Robinson Worldwide makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio.

C.H. Robinson Worldwide closed down -0.3 points or -0.44% at $68.49 with 12,75,587 shares getting traded on Thursday. Post opening the session at $68.79, the shares hit an intraday low of $67.7789 and an intraday high of $69.07 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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