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 equities research analysts have also recently commented on the stock. Macquarie dropped their price target on shares of Roadrunner Transportation Systems from $10.00 to $8.00 and set a neutral rating on the stock in a research report on Tuesday, September 27th. Stifel Nicolaus dropped their price target on shares of Roadrunner Transportation Systems from $14.00 to $12.00 and set a buy rating on the stock in a research report on Thursday, July 28th. Finally, Deutsche Bank AG set a $12.00 price target on shares of Roadrunner Transportation Systems and gave the stock a buy rating in a research report on Thursday, July 21st.
Roadrunner Transportation Systems (NASDAQ:RRTS) traded down 1.40% during trading on Tuesday, reaching $7.73. 5,817 shares of the company’s stock traded hands. The company has a 50-day moving average of $8.13 and a 200 day moving average of $8.94. The stock has a market capitalization of $296.26 million and a P/E ratio of 12.95. Roadrunner Transportation Systems has a 12 month low of $6.39 and a 12 month high of $19.22.
Roadrunner Transportation Systems (NASDAQ:RRTS) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.19. The company had revenue of $483.40 million for the quarter, compared to analyst estimates of $498.72 million. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 earnings per share. On average, equities research analysts expect that Roadrunner Transportation Systems will post $0.65 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Emerald Acquisition Ltd. bought a new stake in Roadrunner Transportation Systems during the second quarter valued at about $3,587,000. JPMorgan Chase & Co. increased its stake in Roadrunner Transportation Systems by 9,179.7% in the second quarter. JPMorgan Chase & Co. now owns 318,945 shares of the company’s stock valued at $2,380,000 after buying an additional 315,508 shares during the last quarter. FMR LLC increased its stake in Roadrunner Transportation Systems by 7.2% in the second quarter. FMR LLC now owns 3,239,495 shares of the company’s stock valued at $24,167,000 after buying an additional 218,126 shares during the last quarter. AQR Capital Management LLC increased its stake in Roadrunner Transportation Systems by 257.5% in the second quarter. AQR Capital Management LLC now owns 288,495 shares of the company’s stock valued at $2,152,000 after buying an additional 207,804 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Roadrunner Transportation Systems by 142.3% in the second quarter. Ameriprise Financial Inc. now owns 345,585 shares of the company’s stock valued at $2,577,000 after buying an additional 202,947 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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