Roadrunner Transportation Systems Inc (RRTS) Rating Increased to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Roadrunner Transportation Systems Inc (NASDAQ:RRTS) from a buy rating to a strong-buy rating in a report published on Wednesday, October 25th.

RRTS has been the subject of several other research reports. Robert W. Baird restated a hold rating and issued a $8.00 price objective on shares of Roadrunner Transportation Systems in a report on Sunday, October 1st. TheStreet upgraded Roadrunner Transportation Systems from a c rating to a b- rating in a report on Thursday, October 12th.



Roadrunner Transportation Systems (NASDAQ RRTS) traded down $0.01 on Wednesday, hitting $7.80. The company’s stock had a trading volume of 76,152 shares, compared to its average volume of 115,205. Roadrunner Transportation Systems has a 1 year low of $6.05 and a 1 year high of $11.88.

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Large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Roadrunner Transportation Systems by 48.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 414,185 shares of the company’s stock worth $3,012,000 after acquiring an additional 135,100 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Roadrunner Transportation Systems by 0.8% during the second quarter. Texas Permanent School Fund now owns 22,106 shares of the company’s stock worth $161,000 after acquiring an additional 185 shares during the period. Denver Investment Advisors LLC bought a new stake in shares of Roadrunner Transportation Systems during the second quarter worth approximately $118,000. FMR LLC boosted its holdings in shares of Roadrunner Transportation Systems by 9.3% during the second quarter. FMR LLC now owns 4,970,118 shares of the company’s stock worth $36,133,000 after acquiring an additional 421,218 shares during the period. Finally, Nationwide Fund Advisors raised its position in shares of Roadrunner Transportation Systems by 17.3% in the second quarter. Nationwide Fund Advisors now owns 134,263 shares of the company’s stock valued at $976,000 after buying an additional 19,800 shares in 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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