Latest news for DSV (OTC:DSDVF) Stock

DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, sea, and train, with the bulk of its activities coming from its European trucking network and airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has grown rapidly, mainly via acquisitions. The company has been active in the mergers and acquisitions segment, most recently acquiring peer GIL in 2021. This acquisition further diversifies its revenue base away from European road freight and adds scale in key regions such as the Middle East. It also moves DSV into third spot among the largest 3PL firms globally.

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DSV Eyes CH Robinson&#39;s Global Forwarding Unit: Reuters

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Stocks That Hit 52-Week Highs On Tuesday

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New 52-Week-High Achievers For Tuesday Morning

DSV AS

DSV A/S Non-GAAP EPS of DKK58.70, revenue of DKK150.78B

DSV A/S (DSDVF) Q4 2023 Earnings Call Transcript

European stocks with margins at risk of contracting as pricing deteriorates - JPM

DSV A/S goes ex dividend tomorrow

European losers of higher financing costs - JPMorgan

DSV A/S reports Q1 results

DSV A/S Undervalued In A Challenging Air, Sea And Road Market Environment (Rating Upgrade)

DSV A/S (DSDVF) Q1 2024 Earnings Call Transcript

DSV A/S reports Q2 results

DSV A/S (DSDVF) Q2 2024 Earnings Call Transcript

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<ul>
	<li>DSV A/S&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/DSDVF#OTC">DSDVF</a>) says it is interested in buying its U.S. rival&nbsp;CH Robinson Worldwide Inc&#39;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) business that specializes in arranging international cargo transport on behalf of shippers,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/article/chrobinson-m-a-dsv-exclusive/exclusive-c-h-robinsons-global-forwarding-unit-draws-interest-from-rival-dsv-sources-idUSKBN2NV10S" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Reuters reported&nbsp;</a>citing a source familiar with the matter.</li>
	<li>DSV is seeking to expand in North America and has met with a small group of investors to discuss acquiring C.H. Robinson&#39;s worldwide forwarding business, which would offer it key access to trans-Pacific ocean trade routes. The unit might fetch up to $9 billion, the report noted.</li>
	<li>DSV is currently not interested in acquiring all of C.H. Robinson or its freight brokerage business, the report added.</li>
	<li>In February 2022, C.H. Robinson settled with activist investment firm Ancora Advisors,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/02/b25887708/c-h-robinson-advances-ongoing-refresh-of-its-board-of-directors-through-the-appointments-of-jay-wi" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">appointed two new directors</a>, and formed a committee to assess value creation options.</li>
	<li>Price Action:&nbsp;CHRW shares are trading higher by 8.12% at $108.47, and DSDVF is lower by 0.45% at $135.68 on the last check Tuesday.</li>
</ul>

DSV Eyes CH Robinson's Global Forwarding Unit: Reuters

<h1>&nbsp;</h1>

Before 10 am Tuesday, 46 stocks hit new 52-week highs. 
&nbsp;

<h3>Noteables:</h3>

The company with the largest market cap to set a new 52-week high was Zoetis (NYSE:<a class="ticker" href="/stock/ZTS#NYSE">ZTS</a>).

<ul>
	<li>Libero Copper (OTC:<a class="ticker" href="/stock/LBCMF#OTC">LBCMF</a>) was the smallest firm based on market cap to set a new 52-week high</li>
	<li>Nuveen Municipal Credit (NYSE:<a class="ticker" href="/stock/NZF#NYSE">NZF</a>) was the biggest loser of the group, declining 4.69% after reaching its new 52-week high.</li>
	<li>&nbsp;</li>
</ul>

The stocks that set new 52-week highs as of 10am on Tuesday are the following: 
&nbsp;

<ul>
	<li>Zoetis (NYSE:<a class="ticker" href="/stock/ZTS#NYSE">ZTS</a>) stock made a new 52-week high of $117.79 Tuesday. The stock was up 6.52% for the day.</li>
	<li>Daiichi Sankyo (OTC:<a class="ticker" href="/stock/DSNKY#OTC">DSNKY</a>) shares were up 1.43% for the day, having made a 52-week high of $64.00.</li>
	<li>TransDigm Gr (NYSE:<a class="ticker" href="/stock/TDG#NYSE">TDG</a>) shares were up 16.28% for the day, having made a 52-week high of $506.10.</li>
	<li>RWE (OTC:<a class="ticker" href="/stock/RWEOY#OTC">RWEOY</a>) shares achieved a new 52-week high on Tuesday morning, hitting $28.01 with a daily change of up 2.85%.</li>
	<li>DSV (OTC:<a class="ticker" href="/stock/DSDVF#OTC">DSDVF</a>) shares set a new yearly high of $96.25 this morning. The stock was up 0.51% on the session.</li>
	<li>Agnico Eagle Mines (NYSE:<a class="ticker" href="/stock/AEM#NYSE">AEM</a>) shares hit $56.77 on Tuesday morning, setting a new 52-week high for a change of up 0.89%.</li>
	<li>Anglogold Ashanti (NYSE:<a class="ticker" href="/stock/AU#NYSE">AU</a>) shares broke to a new 52-week high of $20.39 on Tuesday. Shares of the company traded up 1.64%.</li>
	<li>Empire Co (OTC:<a class="ticker" href="/stock/EMLAF#OTC">EMLAF</a>) shares hit a new 52-week high of $27.00. The stock traded up 0.52% on the session.</li>
	<li>Insulet (NASDAQ:<a class="ticker" href="/stock/PODD#NASDAQ">PODD</a>) shares were up 18.92% on Tuesday to hit a new 52-week high of $139.50 for a change of up 18.92%.</li>
	<li>ServiceMaster Global (NYSE:<a class="ticker" href="/stock/SERV#NYSE">SERV</a>) stock on Tuesday broke to a yearly high of $56.62. Shares traded up 12.31%.</li>
	<li>Chemed (NYSE:<a class="ticker" href="/stock/CHE#NYSE">CHE</a>) shares broke to $412.39 on Tuesday, setting a new 52-week high with a change of up 1.64%.</li>
	<li>Haemonetics (NYSE:<a class="ticker" href="/stock/HAE#NYSE">HAE</a>) shares set a new 52-week high of $127.82 on Tuesday, moving up 12.17%.</li>
	<li>MasTec (NYSE:<a class="ticker" href="/stock/MTZ#NYSE">MTZ</a>) stock on Tuesday broke to a yearly high of $59.00. Shares traded up 3.47%.</li>
	<li>TopBuild (NYSE:<a class="ticker" href="/stock/BLD#NYSE">BLD</a>) stock on Tuesday broke to a yearly high of $90.17. Shares traded up 3.05%.</li>
	<li>American States Water (NYSE:<a class="ticker" href="/stock/AWR#NYSE">AWR</a>) stock made a new 52-week high of $80.34 Tuesday. The stock was up 0.78% for the day.</li>
	<li>Shake Shack (NYSE:<a class="ticker" href="/stock/SHAK#NYSE">SHAK</a>) shares set a new yearly high of $76.87 this morning. The stock was up 7.89% on the session.</li>
	<li>Saracen Mineral Holdings (OTC:<a class="ticker" href="/stock/SCEXF#OTC">SCEXF</a>) stock made a new 52-week high of $3.06 Tuesday. The stock was flat% for the day.</li>
	<li>Nuveen Municipal Credit (NYSE:<a class="ticker" href="/stock/NZF#NYSE">NZF</a>) stock hit a yearly high price of $16.25. The stock was up 0.31% for the day.</li>
	<li>Builders FirstSource (NASDAQ:<a class="ticker" href="/stock/BLDR#NASDAQ">BLDR</a>) shares achieved a new 52-week high on Tuesday morning, hitting $19.27 with a daily change of up 1.01%.</li>
	<li>Northwest Natural Holding (NYSE:<a class="ticker" href="/stock/NWN#NYSE">NWN</a>) shares broke to $72.95 on Tuesday, setting a new 52-week high with a change of up 1.68%.</li>
	<li>LGI Homes (NASDAQ:<a class="ticker" href="/stock/LGIH#NASDAQ">LGIH</a>) shares were up 10.99% on Tuesday morning to hit a new 52-week high of $77.13.</li>
	<li>Innergex Renewable Energy (OTC:<a class="ticker" href="/stock/INGXF#OTC">INGXF</a>) shares hit a yearly high of $11.46. The stock traded flat% on the session.</li>
	<li>BMC Stock Holdings (NASDAQ:<a class="ticker" href="/stock/BMCH#NASDAQ">BMCH</a>) shares set a new 52-week high of $23.30 on Tuesday, moving up 4.92%.</li>
	<li>MTS Systems (NASDAQ:<a class="ticker" href="/stock/MTSC#NASDAQ">MTSC</a>) shares were up 5.78% for the day, having made a 52-week high of $59.87.</li>
	<li>Wesdome Gold Mines (OTC:<a class="ticker" href="/stock/WDOFF#OTC">WDOFF</a>) shares reached a new 52-week high of $5.78 on Tuesday morning, moving down 3.28%.</li>
	<li>AltaGas Canada (OTC:<a class="ticker" href="/stock/AGAAF#OTC">AGAAF</a>) shares set a new 52-week high of $19.67 on Tuesday, moving up 2.95%.</li>
	<li>Agilysys (NASDAQ:<a class="ticker" href="/stock/AGYS#NASDAQ">AGYS</a>) shares set a new 52-week high of $24.97 on Tuesday, moving up 2.99%.</li>
	<li>Real Matters (OTC:<a class="ticker" href="/stock/RLLMF#OTC">RLLMF</a>) stock made a new 52-week high of $6.61 Tuesday. The stock was flat% for the day.</li>
	<li>Digital Turbine (NASDAQ:<a class="ticker" href="/stock/APPS#NASDAQ">APPS</a>) stock made a new 52-week high of $6.00 Tuesday. The stock was down 1.24% for the day.</li>
	<li>Telaria (NYSE:<a class="ticker" href="/stock/TLRA#NYSE">TLRA</a>) shares achieved a new 52-week high on Tuesday morning, hitting $9.32 with a daily change of up 6.41%.</li>
	<li>Synchronoss Technologies (NASDAQ:<a class="ticker" href="/stock/SNCR#NASDAQ">SNCR</a>) shares broke to $8.59 on Tuesday, setting a new 52-week high with a change of up 2.92%.</li>
	<li>EverQuote (NASDAQ:<a class="ticker" href="/stock/EVER#NASDAQ">EVER</a>) shares were up 42.3% on Tuesday morning to hit a new 52-week high of $17.25.</li>
	<li>Alphatec Holdings (NASDAQ:<a class="ticker" href="/stock/ATEC#NASDAQ">ATEC</a>) shares broke to $5.47 on Tuesday, setting a new 52-week high with a change of up 4.05%.</li>
	<li>Hofseth BioCare (OTC:<a class="ticker" href="/stock/HOFBF#OTC">HOFBF</a>) shares were up 124.0% on Tuesday morning to hit a new 52-week high of $0.56.</li>
	<li>Fulgent Genetics (NASDAQ:<a class="ticker" href="/stock/FLGT#NASDAQ">FLGT</a>) shares were up 5.62% for the day, having made a 52-week high of $8.50.</li>
	<li>Chesapeake Gold (OTC:<a class="ticker" href="/stock/CHPGF#OTC">CHPGF</a>) shares were up 1.31% on Tuesday morning to hit a new 52-week high of $2.26.</li>
	<li>Tudor Gold (OTC:<a class="ticker" href="/stock/TDRRF#OTC">TDRRF</a>) shares hit $0.55 on Tuesday morning, setting a new 52-week high for a change of up 15.44%.</li>
	<li>Techprecision (OTC:<a class="ticker" href="/stock/TPCS#OTC">TPCS</a>) shares were up 1.45% for the day, having made a 52-week high of $1.50.</li>
	<li>Klondike Gold (OTC:<a class="ticker" href="/stock/KDKGF#OTC">KDKGF</a>) shares hit a yearly high of $0.30. The stock traded up 12.12% on the session.</li>
	<li>Ely Gold Royalties (OTC:<a class="ticker" href="/stock/ELYGF#OTC">ELYGF</a>) shares hit a yearly high of $0.35. The stock traded down 4.24% on the session.</li>
	<li>Empire Post Media (OTC:<a class="ticker" href="/stock/EMPM#OTC">EMPM</a>) shares reached a new 52-week high of $0.14 on Tuesday morning, moving down 4.69%.</li>
	<li>Santacruz Silver Mining (OTC:<a class="ticker" href="/stock/SZSMF#OTC">SZSMF</a>) shares set a new 52-week high of $0.15 on Tuesday, moving up 2.07%.</li>
	<li>Calibre Mining (OTC:<a class="ticker" href="/stock/CXBMF#OTC">CXBMF</a>) shares were up 245.45% on Tuesday morning to hit a new 52-week high of $1.52.</li>
	<li>Spanish Mountain Gold (OTC:<a class="ticker" href="/stock/SPAZF#OTC">SPAZF</a>) shares were up 3.45% on Tuesday to hit a new 52-week high of $0.09 for a change of up 3.45%.</li>
	<li>Teuton Resources (OTC:<a class="ticker" href="/stock/TEUTF#OTC">TEUTF</a>) shares hit $0.30 on Tuesday morning, setting a new 52-week high for a change of up 13.03%.</li>
	<li>Libero Copper (OTC:<a class="ticker" href="/stock/LBCMF#OTC">LBCMF</a>) shares broke to $0.10 on Tuesday, setting a new 52-week high with a change of up 30.43%.</li>
</ul>

International freight forwarding and logistics company Panalpina Welttransport (OTC:<a class="ticker" href="/stock/PLWTF#OTC">PLWTF</a>) reported 0.64 (Swiss Francs, or CHF) per share in earnings for the second quarter of 2019 compared to 0.84 CHF for the same period last year and well below Seeking Alpha&#39;s consensus estimate of 0.92 per share. (One Swiss Franc equals $1.01.)

&quot;After it was announced that Panalpina and DSV would join forces, our competitors went more aggressively after our business in the second quarter, but we stood our ground. The decrease in gross profit was chiefly the result of lower margins in air freight and lower volumes from the automotive sector, which shifted into reverse gear. Nonetheless, group EBIT [earnings before interest and taxes] and profit almost reached last year&#39;s levels. Given these circumstances, our stable half-year results are a respectable achievement,&quot; said Panalpina&#39;s Chief Executive Officer Stefan Karlen.

Panalpina reported first half 2019 earnings per share of 1.46 CHF, which was modestly lower than last year&#39;s 1.56 CHF for the first half.

In early April 2019, the company announced it would be acquired in a <a href="https://www.freightwaves.com/news/logistics/panalpina-and-dsv-to-merge-creating-the-worlds-fourth-largest-freight-forwarder" rel="noreferrer noopener" target="_blank">$4.6 billion deal</a> by Danish competitor DSV (OTC:<a class="ticker" href="/stock/DSDVF#OTC">DSDVF</a>). 
Panalpina saw a 1.6 percent year-over-year decline in net forwarding revenue to 1.478 billion CHF as airfreight volume increased 1.2 percent year-over-year, which was offset by a 2.4 percent decline in ocean freight volume.

<h3>Airfreight</h3>

Management believes that its 1 percent volume growth in airfreight was well ahead of the rest of the market, which management estimates declined 5 percent. Panalpina has some organic growth measures in place and its volume growth has benefitted from prior acquisitions. While the company reported better tonnage than the market, gross profit (GP) for the division was down 7.2 percent year-over-year to 164.1 million CHF as gross profit per ton declined 8.3 percent. Management said that &quot;substantially lower volumes in the automotive sector&quot; was the main reason for the decline in gross profit. This resulted in operating income being cut in half year-over-year to 13.6 million CHF.

<div class="wp-block-image"><img alt="" class="wp-image-145587" src="https://s29755.pcdn.co/wp-content/uploads/2019/07/kpi-1.jpg" style="height:379px; width:327px" />
Panalpina&#39;s Key Performance Indicators
</div>

While Panalpina may have seen better tonnage results than the rest of the market in the quarter, it came at a price given the gross profit per ton decline.

<h3>Ocean Freight</h3>

The ocean freight division saw a 2.4 percent year-over-year decline in volume in the second quarter. Management believes that its volume decline was worse than the rest of the market, which it believes was flat for the quarter. Panalpina is still sorting through a customer loss and soft volumes in inter-Asia. Gross profit increased 0.9 percent in the quarter to 113 million CHF as gross profit per twenty-foot equivalent unit (TEU) climbed 3.1 percent to 304 CHF. In the past, management has said that a 300 CHF gross profit per TEU is required for the division to be profitable. Operating income was 5.2 million CHF in the quarter, significantly better than the 0.3 million CHF result reported last year.

<h3>Logistics</h3>

Logistics gross profit declined 4.3 percent year-over-year to 81.2 million CHF. &quot;Seasonality and the downturn in the automotive and technology sectors&quot; were called out as the detractors in the quarter. That said, segment EBIT was nearly 2 million CHF higher at 5.2 million CHF. From the press release, &quot;the division successfully expanded its Logistics Manufacturing Services and in the second quarter achieved the highest quarterly EBIT ever. EBIT reached 8.1 million CHF for the first half of 2019, compared to 6.8 million CHF for the same period last year.&quot;

Consolidated gross profit was down 4.1 percent year-over-year to 358.4 million CHF, but operating income was 20.7 percent lower at 24 million CHF. The worse than expected results appear to be largely due to the company being picked off by its competitors as its customers wait to see how the merger with DSV shakes out. Additionally, negative margins from its automotive book of business continue to weigh on results.

&quot;In a highly uncertain macroeconomic and political environment, and against the backdrop of contracting air and ocean freight markets, we will continue to provide our sought-after expertise to existing and new customers. During the coming weeks and months, our focus will remain firmly on living up to our reputation in the market and delivering outstanding service quality,&quot; said Karlen.

In reference to the &quot;political environment,&quot; Panalpina implemented a <a href="https://www.freightwaves.com/news/panalpina-announces-war-risk-surcharge-on-containers" rel="noreferrer noopener" target="_blank">$52 per TEU surcharge</a> for shipments moving through the Strait of Hormuz on July 8. Since May, the region has seen attacks on a half dozen oil tankers as well as a U.S. drone.&nbsp;&nbsp;

Shares of the Swiss company are roughly 2 percent lower today.

<img alt="" class="wp-image-145579" src="https://s29755.pcdn.co/wp-content/uploads/2019/07/panalpina-stock-chart.jpg" />

Panalpina Stock Chart &ndash; MarketWatch

Image sourced from Pixabay

Earnings

General

PLWTF

Panalpina Sees Tough Quarter As Pending Merger And Auto Sector Weigh On Results

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