The stock of Roadrunner Transportation Systems Inc (NYSE:RRTS) is a huge mover today! About 141,512 shares traded hands. Roadrunner Transportation Systems Inc (NYSE:RRTS) has declined 37.46% since April 5, 2016 and is downtrending. It has underperformed by 39.41% the S&P500.
The move comes after 5 months positive chart setup for the $311.04M company. It was reported on Nov, 7 by Barchart.com. We have $13.01 PT which if reached, will make NYSE:RRTS worth $183.51M more.
Roadrunner Transportation Systems Inc (NYSE:RRTS) Ratings Coverage
Out of 7 analysts covering Roadrunner Transportation (NYSE:RRTS), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. Roadrunner Transportation has been the topic of 12 analyst reports since October 13, 2015 according to StockzIntelligence Inc. As per Tuesday, October 27, the company rating was downgraded by BB&T Capital. The rating was downgraded by William Blair to “Market Perform” on Wednesday, January 13. The firm earned “Buy” rating on Tuesday, February 16 by Stifel Nicolaus. The rating was downgraded by Raymond James on Tuesday, October 27 to “Market Perform”. As per Wednesday, October 28, the company rating was maintained by Macquarie Research. Wolfe Research downgraded Roadrunner Transportation Systems Inc (NYSE:RRTS) on Tuesday, January 12 to “Peer Perform” rating.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.53 in 2016 Q2. Its up 0.26, from 1.27 in 2016Q1. The ratio is positive, as 13 funds sold all Roadrunner Transportation Systems Inc shares owned while 32 reduced positions. 21 funds bought stakes while 48 increased positions. They now own 26.10 million shares or 1.32% more from 25.76 million shares in 2016Q1.
Jpmorgan Chase & Company, a New York-based fund reported 318,945 shares. Annex Advisory Services Ltd Liability Corporation last reported 18,987 shares in the company. Vanguard Group accumulated 2.13 million shares or 0% of the stock. The New York-based American Group Inc has invested 0% in Roadrunner Transportation Systems Inc (NYSE:RRTS). Deere And has 0.02% invested in the company for 59,134 shares. Barclays Public Ltd Co has 36 shares for 0% of their US portfolio. Tfs Capital Limited Liability Corporation holds 0.35% or 256,564 shares in its portfolio. Balyasny Asset Mngmt Lc last reported 16,212 shares in the company. Clarivest Asset Mgmt Limited Liability Com last reported 0.01% of its portfolio in the stock. Secor Cap Advsrs L P accumulated 33,523 shares or 0.03% of the stock. Voya Invest Ltd Com last reported 65,536 shares in the company. Moreover, Pinebridge Invests L P has 0% invested in Roadrunner Transportation Systems Inc (NYSE:RRTS) for 3,553 shares. Sector Pension Invest Board has 0% invested in the company for 20,828 shares. Moreover, Blackrock Limited Liability Corp has 0% invested in Roadrunner Transportation Systems Inc (NYSE:RRTS) for 48,736 shares. Coe Cap Mngmt Ltd, a Illinois-based fund reported 61,568 shares.
Insider Transactions: Since May 10, 2016, the stock had 1 buy, and 0 selling transactions for $111,882 net activity. 35,600 shares were bought by STOELTING CURTIS W, worth $291,059.
More important recent Roadrunner Transportation Systems Inc (NYSE:RRTS) news were published by: Prnewswire.com which released: “Roadrunner Transportation Systems Announces Roadrunner Freight” on November 04, 2016, also Businesswire.com published article titled: “Roadrunner Transportation Systems Names Curtis Stoelting President and Chief …”, Businesswire.com published: “Roadrunner Transportation Systems Announces Revised Guidance for Third Quarter …” on October 26, 2015. More interesting news about Roadrunner Transportation Systems Inc (NYSE:RRTS) was released by: Businesswire.com and their article: “Active Aero Group, a Roadrunner Transportation Systems Company, Receives 2015 …” with publication date: March 21, 2016.
RRTS Company Profile
Roadrunner Transportation Systems, Inc. (RRTS), incorporated on February 22, 2005, is an asset-light transportation and logistics service provider. The Firm 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. The Firm operates through three divisions: Truckload Logistics, Less-than-Truckload and Global Solutions. The Firm utilizes a third-party network of transportation providers, consisting of independent contractors (ICs) and purchased power providers, to serve a diverse customer base. It primarily focuses on small to mid-size shippers.
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