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NEW YORK (TheStreet) -- Shares of C.H. Robinson Worldwide (CHRW) - Get C.H. Robinson Worldwide, Inc. Report were advancing on heavy trading volume mid-Thursday afternoon after the Eden Prairie, MN-based logistics company announced it would purchase freight forwarding and brokerage services provider APC Logistics for about $225 million in cash.

C.H. Robinson will finance the acquisition through cash and funds drawn from the company's revolving credit facility, according to a statement released late yesterday.

The two companies already have an exclusive agent relationship for freight forwarding between the U.S. and Australia, but C.H. Robinson CEO John Wiehoff hopes the acquisition of APC Logistics will expand the company's global network.

The deal is subject to regulatory approval, and is expected to be accretive in 2016 and 2017. Once the deal closes, C.H. Robinson will incorporate APC Logistics into its Global Forwarding division and global technology platform Navisphere.

More than 3.18 million shares of C.H. Robinson have traded so far today vs. the 30-day daily average of 1.29 million shares.

TheStreet Recommends

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of A-.

The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year and increase in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: CHRW

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