ZWJ Investment Counsel Inc. Makes New $1.31 Million Investment in C.H. Robinson Worldwide, Inc. $CHRW

ZWJ Investment Counsel Inc. purchased a new position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,867 shares of the transportation company’s stock, valued at approximately $1,312,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Burkett Financial Services LLC purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth about $25,000. Millstone Evans Group LLC lifted its holdings in C.H. Robinson Worldwide by 79.8% during the first quarter. Millstone Evans Group LLC now owns 160 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. Continuum Advisory LLC purchased a new stake in C.H. Robinson Worldwide during the second quarter valued at about $27,000. NBH Bank purchased a new stake in C.H. Robinson Worldwide during the second quarter valued at about $29,000. Finally, Cornerstone Planning Group LLC boosted its position in C.H. Robinson Worldwide by 57.3% during the first quarter. Cornerstone Planning Group LLC now owns 184 shares of the transportation company’s stock worth $31,000 after purchasing an additional 67 shares during the period. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

CHRW has been the subject of several recent research reports. Susquehanna lifted their target price on shares of C.H. Robinson Worldwide from $215.00 to $226.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Stephens lowered their price target on shares of C.H. Robinson Worldwide from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Citigroup restated a “market outperform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. Freedom Capital upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, C.H. Robinson Worldwide presently has an average rating of “Moderate Buy” and an average price target of $192.08.

C.H. Robinson Worldwide Stock Up 1.1%

Shares of NASDAQ CHRW opened at $139.45 on Thursday. C.H. Robinson Worldwide, Inc. has a 52 week low of $125.35 and a 52 week high of $210.33. The business has a 50-day simple moving average of $147.45 and a two-hundred day simple moving average of $168.17. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.04. The company has a market cap of $16.29 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.14 and a beta of 0.94.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. C.H. Robinson Worldwide had a return on equity of 38.36% and a net margin of 3.73%. The business had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current fiscal year.

C.H. Robinson Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 4th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 48.09%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain service providers. The company helps businesses plan, manage and execute the movement of freight across domestic and international markets.

Its services include truckload and less-than-truckload freight brokerage, intermodal transportation, ocean and air freight forwarding, customs services, and transportation management. C.H. Robinson also provides technology and data-driven tools designed to improve shipment planning, visibility, routing and logistics performance.

Founded in 1905 and headquartered in Eden Prairie, Minnesota, C.H.