Lantz Financial LLC Sells 5,350 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Lantz Financial LLC lessened its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 57.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,962 shares of the transportation company’s stock after selling 5,350 shares during the quarter. Lantz Financial LLC’s holdings in C.H. Robinson Worldwide were worth $525,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in shares of C.H. Robinson Worldwide during the 2nd quarter worth about $30,000. MUFG Securities EMEA plc bought a new position in C.H. Robinson Worldwide during the second quarter worth about $34,000. Arlington Trust Co LLC bought a new position in C.H. Robinson Worldwide during the third quarter worth about $34,000. Quent Capital LLC acquired a new position in C.H. Robinson Worldwide during the third quarter worth approximately $37,000. Finally, FNY Investment Advisers LLC bought a new stake in C.H. Robinson Worldwide in the second quarter valued at approximately $38,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

C.H. Robinson Worldwide Stock Up 1.6%

Shares of NASDAQ:CHRW opened at $200.59 on Friday. The company has a market capitalization of $23.70 billion, a price-to-earnings ratio of 41.53, a P/E/G ratio of 2.11 and a beta of 0.90. The business’s 50-day moving average is $170.77 and its 200-day moving average is $145.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.59. C.H. Robinson Worldwide, Inc. has a 1 year low of $84.68 and a 1 year high of $203.34.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.97 billion. C.H. Robinson Worldwide had a return on equity of 34.24% and a net margin of 3.62%.The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS. Equities research analysts predict that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, March 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.17%.

Analysts Set New Price Targets

Several brokerages have recently commented on CHRW. Loop Capital set a $206.00 target price on C.H. Robinson Worldwide in a research note on Monday, February 2nd. Stifel Nicolaus lifted their price objective on shares of C.H. Robinson Worldwide from $184.00 to $202.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. BMO Capital Markets reissued a “market perform” rating and issued a $180.00 price objective on shares of C.H. Robinson Worldwide in a research report on Thursday, January 29th. Robert W. Baird set a $203.00 target price on shares of C.H. Robinson Worldwide in a research note on Thursday, January 29th. Finally, Benchmark boosted their price target on C.H. Robinson Worldwide from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Sixteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $181.29.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 2,390 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $161.91, for a total value of $386,964.90. Following the sale, the insider owned 55,158 shares in the company, valued at approximately $8,930,631.78. This trade represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Castagnetto sold 2,849 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $194.20, for a total transaction of $553,275.80. Following the completion of the transaction, the insider owned 28,149 shares in the company, valued at $5,466,535.80. This trade represents a 9.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 6,469 shares of company stock worth $1,155,491. 1.47% of the stock is owned by company insiders.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc is a third-party logistics provider founded in 1905 and headquartered in Eden Prairie, Minnesota. Originally established as a produce brokerage firm, the company has since expanded its offerings to become one of the world’s largest freight and logistics intermediaries. C.H. Robinson leverages a global network of transportation providers, technology platforms, and in-house expertise to connect shippers and carriers across multiple modes of transportation.

The company’s primary services include truckload, less-than-truckload (LTL), intermodal, air and ocean freight, and managed transportation solutions.