Roadrunner Transportation Systems Inc (RRTS) Upgraded to Hold at Zacks Investment Research
According to Zacks, “Roadrunner Transportation Systems, Inc. is a non-asset based transportation and logistics services provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and intermodal brokerage, and domestic and international air. The Company utilizes a proprietary webenabled technology system and a third-party network of transportation providers to serve a diverse customer base in terms of end market focus and annual freight expenditures. Its third-party transportation providers consist of individuals or small teams that own or lease their own over-the-road transportation equipment and asset-based, over-the-road transportation companies. As a non-asset based transportation provider, the Company does not own any tractors or other power equipment used to transport its customers’ freight. Roadrunner Transportation Systems, Inc. is headquartered in Cudahy, Wisconsin. “
RRTS has been the subject of a number of other reports. Macquarie dropped their price objective on Roadrunner Transportation Systems from $10.00 to $8.00 and set a neutral rating for the company in a report on Tuesday, September 27th. Deutsche Bank AG set a $12.00 price target on Roadrunner Transportation Systems and gave the company a buy rating in a report on Thursday, July 21st. Finally, Stifel Nicolaus lowered their price target on Roadrunner Transportation Systems from $14.00 to $12.00 and set a buy rating for the company in a report on Thursday, July 28th.
Roadrunner Transportation Systems (NASDAQ:RRTS) traded up 3.87% during mid-day trading on Tuesday, hitting $8.05. The stock had a trading volume of 9,314 shares. The company has a 50 day moving average price of $8.12 and a 200 day moving average price of $8.96. Roadrunner Transportation Systems has a one year low of $6.39 and a one year high of $19.22. The stock has a market cap of $308.52 million and a P/E ratio of 13.48.
Roadrunner Transportation Systems (NASDAQ:RRTS) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by $0.19. The firm earned $483.40 million during the quarter, compared to analyst estimates of $498.72 million. The firm’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. On average, equities analysts anticipate that Roadrunner Transportation Systems will post $0.65 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its stake in shares of Roadrunner Transportation Systems by 47.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 125,621 shares of the company’s stock valued at $938,000 after buying an additional 40,552 shares in the last quarter. Arizona State Retirement System boosted its position in Roadrunner Transportation Systems by 1.9% in the second quarter. Arizona State Retirement System now owns 15,728 shares of the company’s stock worth $117,000 after buying an additional 300 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in Roadrunner Transportation Systems during the second quarter worth $573,000. Cubist Systematic Strategies LLC purchased a new position in Roadrunner Transportation Systems during the second quarter worth $798,000. Finally, AQR Capital Management LLC boosted its position in Roadrunner Transportation Systems by 257.5% in the second quarter. AQR Capital Management LLC now owns 288,495 shares of the company’s stock worth $2,152,000 after buying an additional 207,804 shares during the last quarter.
Roadrunner Transportation Systems Company Profile
Roadrunner Transportation Systems, Inc (RRTS) is an asset-light transportation and logistics service provider. The Company offers a suite of global supply chain solutions, including truckload logistics (TL), customized and expedited less-than-truckload (LTL), intermodal solutions (transporting a shipment by over one mode, primarily through rail and truck), freight consolidation, inventory management, expedited services, air freight, international freight forwarding, customs brokerage and transportation management solutions.
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