ValuEngine upgraded shares of Roadrunner Transportation Systems (NYSE:RRTS) from a hold rating to a buy rating in a research note issued to investors on Thursday, ValuEngine reports.
Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Roadrunner Transportation Systems from a hold rating to a sell rating in a report on Wednesday, July 24th. Stifel Nicolaus set a $14.00 price target on shares of Roadrunner Transportation Systems and gave the stock a hold rating in a report on Tuesday, May 28th.
NYSE:RRTS traded down $0.47 during mid-day trading on Thursday, hitting $8.98. 100 shares of the company’s stock were exchanged, compared to its average volume of 35,894. The stock’s 50 day moving average is $9.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.07 and a quick ratio of 1.07. Roadrunner Transportation Systems has a fifty-two week low of $7.97 and a fifty-two week high of $53.75. The company has a market cap of $355.03 million, a price-to-earnings ratio of -0.09 and a beta of 1.51.
Roadrunner Transportation Systems (NYSE:RRTS) last released its quarterly earnings results on Tuesday, May 7th. The transportation company reported ($1.58) earnings per share (EPS) for the quarter. Roadrunner Transportation Systems had a negative return on equity of 170.50% and a negative net margin of 7.85%. The firm had revenue of $507.15 million for the quarter, compared to the consensus estimate of $569.00 million. On average, analysts forecast that Roadrunner Transportation Systems will post -0.5 earnings per share for the current year.
In other news, major shareholder International L.P. Elliott purchased 4,987 shares of the stock in a transaction on Thursday, August 1st. The stock was purchased at an average price of $9.42 per share, for a total transaction of $46,977.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have acquired 64,643 shares of company stock valued at $628,194. Company insiders own 0.72% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Roadrunner Transportation Systems in the 2nd quarter valued at $611,000. SG3 Management LLC bought a new stake in shares of Roadrunner Transportation Systems in the 1st quarter valued at $11,235,000. Finally, Amica Retiree Medical Trust increased its stake in shares of Roadrunner Transportation Systems by 2,313.8% in the 1st quarter. Amica Retiree Medical Trust now owns 1,923,384 shares of the transportation company’s stock valued at $808,000 after acquiring an additional 1,843,701 shares in the last quarter.
Roadrunner Transportation Systems Company Profile
Roadrunner Transportation Systems, Inc provides asset-right transportation and asset-light logistics services. The company operates through three segments: Truckload & Express Services (TES), Less-than-Truckload (LTL), and Ascent Global Logistics. The TES segment provides air and ground expedite, scheduled truckload, intermodal, temperature-controlled truckload, and other truckload and logistics services; and arranges the pickup and delivery of TES freight through its 35 TES service centers in the United States.
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