Roadrunner Transportation Systems (NYSE:RRTS) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Roadrunner Transportation Systems (NYSE:RRTS) from a sell rating to a hold rating in a research report report published on Thursday morning, Zacks.com reports.

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 topic of a number of other reports. ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Stifel Nicolaus set a $14.00 target price on Roadrunner Transportation Systems and gave the stock a hold rating in a research report on Tuesday, May 28th.

Roadrunner Transportation Systems stock opened at $10.48 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average of $9.52. Roadrunner Transportation Systems has a 12 month low of $7.97 and a 12 month high of $66.75. The company has a market capitalization of $393.72 million, a P/E ratio of -0.11 and a beta of 1.51.

Roadrunner Transportation Systems (NYSE:RRTS) last released its earnings results on Tuesday, May 7th. The transportation company reported ($1.58) 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 company had revenue of $507.15 million during the quarter, compared to the consensus estimate of $569.00 million. On average, equities analysts expect that Roadrunner Transportation Systems will post -0.5 EPS for the current fiscal year.

In other Roadrunner Transportation Systems news, major shareholder International L.P. Elliott bought 4,540 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was purchased at an average price of $11.58 per share, for a total transaction of $52,573.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 52,771 shares of company stock valued at $509,933 in the last quarter. 0.72% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in RRTS. SG3 Management LLC acquired a new stake in Roadrunner Transportation Systems during the 1st quarter worth about $11,235,000. Amica Retiree Medical Trust grew its position in shares of Roadrunner Transportation Systems by 2,313.8% in the first quarter. Amica Retiree Medical Trust now owns 1,923,384 shares of the transportation company’s stock valued at $808,000 after purchasing an additional 1,843,701 shares in the last quarter. Finally, Elliott Management Corp grew its position in shares of Roadrunner Transportation Systems by 58.4% in the fourth quarter. Elliott Management Corp now owns 5,242,855 shares of the transportation company’s stock valued at $2,601,000 after purchasing an additional 1,932,372 shares in the last quarter.

About Roadrunner Transportation Systems

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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