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. “
Several other brokerages have also recently weighed in on RRTS. Deutsche Bank AG initiated coverage on Roadrunner Transportation Systems in a research note on Wednesday, November 2nd. They set a hold rating and a $9.00 price objective on the stock. Stifel Nicolaus restated a buy rating and set a $12.00 price objective (up from $11.00) on shares of Roadrunner Transportation Systems in a research note on Wednesday, December 21st. Finally, Robert W. Baird cut Roadrunner Transportation Systems from an outperform rating to a neutral rating and dropped their price objective for the company from $12.00 to $8.00 in a research note on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Roadrunner Transportation Systems has a consensus rating of Hold and an average target price of $9.25.
Shares of Roadrunner Transportation Systems (NASDAQ:RRTS) opened at 7.12 on Wednesday. The company has a market cap of $272.98 million and a PE ratio of 11.00. Roadrunner Transportation Systems has a 12 month low of $6.49 and a 12 month high of $13.67. The stock has a 50 day moving average of $9.72 and a 200-day moving average of $8.93.
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A number of institutional investors have recently modified their holdings of RRTS. FMR LLC raised its stake in shares of Roadrunner Transportation Systems by 4.6% in the fourth quarter. FMR LLC now owns 4,285,280 shares of the company’s stock valued at $44,524,000 after buying an additional 189,280 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Roadrunner Transportation Systems by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,151,602 shares of the company’s stock valued at $22,355,000 after buying an additional 167,692 shares in the last quarter. State Street Corp raised its stake in shares of Roadrunner Transportation Systems by 10.3% in the fourth quarter. State Street Corp now owns 694,466 shares of the company’s stock valued at $7,213,000 after buying an additional 64,571 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Roadrunner Transportation Systems by 9.0% in the fourth quarter. AQR Capital Management LLC now owns 580,198 shares of the company’s stock valued at $6,029,000 after buying an additional 47,982 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Roadrunner Transportation Systems by 8.5% in the third quarter. Prudential Financial Inc. now owns 435,051 shares of the company’s stock valued at $3,471,000 after buying an additional 34,260 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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