Cwm buys $18,695,202 stake in C.H. Robinson Worldwide (CHRW)

C.H. Robinson Worldwide (CHRW) : Cwm scooped up 25,729 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 Oct 17, 2016. The investment management firm now holds a total of 266,086 shares of C.H. Robinson Worldwide which is valued at $18,695,202.C.H. Robinson Worldwide makes up approximately 1.34% of Cwm’s portfolio.

Other Hedge Funds, Including , Sonora Investment Management sold out all of its stake in CHRW during the most recent quarter. The investment firm sold 111 shares of CHRW which is valued $7,799.Oregon Public Employees Retirement Fund reduced its stake in CHRW by selling 4,945 shares or 12.31% in the most recent quarter. The Hedge Fund company now holds 35,235 shares of CHRW which is valued at $2,498,162. C.H. Robinson Worldwide makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.Chevy Chase Trust Holdings reduced its stake in CHRW by selling 2,875 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 119,084 shares of CHRW which is valued at $8,357,315. C.H. Robinson Worldwide makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.

C.H. Robinson Worldwide closed down -0.05 points or -0.07% at $70.26 with 13,48,563 shares getting traded on Friday. Post opening the session at $70.56, the shares hit an intraday low of $70.13 and an intraday high of $70.95 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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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