Robert W. Baird restated their hold rating on shares of Roadrunner Transportation Systems Inc (NASDAQ:RRTS) in a report released on Sunday. They currently have a $8.00 price target on the stock.
Separately, BidaskClub upgraded Roadrunner Transportation Systems from a buy rating to a strong-buy rating in a research note on Friday, September 29th.
Shares of Roadrunner Transportation Systems (NASDAQ:RRTS) opened at 9.29 on Friday. The company has a 50 day moving average price of $7.83 and a 200 day moving average price of $7.03. Roadrunner Transportation Systems has a one year low of $6.05 and a one year high of $11.88. The company has a market cap of $356.18 million and a price-to-earnings ratio of 14.36.
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A number of hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new position in Roadrunner Transportation Systems in the 2nd quarter worth $101,000. The Manufacturers Life Insurance Company raised its stake in Roadrunner Transportation Systems by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,282 shares of the company’s stock worth $198,000 after acquiring an additional 1,039 shares during the last quarter. State Street Corp raised its stake in Roadrunner Transportation Systems by 7.9% in the 2nd quarter. State Street Corp now owns 905,714 shares of the company’s stock worth $6,585,000 after acquiring an additional 66,412 shares during the last quarter. Voya Investment Management LLC raised its stake in Roadrunner Transportation Systems by 82.5% in the 2nd quarter. Voya Investment Management LLC now owns 48,762 shares of the company’s stock worth $354,000 after acquiring an additional 22,040 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Roadrunner Transportation Systems by 34.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 318,104 shares of the company’s stock worth $2,313,000 after acquiring an additional 82,027 shares during the last quarter.
About Roadrunner Transportation Systems
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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