The stock of Roadrunner Transportation Systems Inc (NYSE:RRTS) is a huge mover today! About 325,172 shares traded hands or 78.22% up from the average. Roadrunner Transportation Systems Inc (NYSE:RRTS) has declined 37.36% since February 26, 2016 and is downtrending. It has underperformed by 47.79% the S&P500.
The move comes after 8 months positive chart setup for the $303.02 million company. It was reported on Oct, 1 by Barchart.com. We have $21.70 PT which if reached, will make NYSE:RRTS worth $527.25M more.
Analysts await Roadrunner Transportation Systems Inc (NYSE:RRTS) to report earnings on November, 3. They expect $0.22 EPS, up 37.50% or $0.06 from last year’s $0.16 per share. RRTS’s profit will be $8.42M for 9.00 P/E if the $0.22 EPS becomes a reality. After $0.10 actual EPS reported by Roadrunner Transportation Systems Inc for the previous quarter, Wall Street now forecasts 120.00% EPS growth.
Roadrunner Transportation Systems Inc (NYSE:RRTS) Ratings Coverage
Out of 7 analysts covering Roadrunner Transportation (NYSE:RRTS), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Roadrunner Transportation has been the topic of 11 analyst reports since October 13, 2015 according to StockzIntelligence Inc. Raymond James downgraded the stock to “Market Perform” rating in Tuesday, October 27 report. As per Tuesday, January 12, the company rating was downgraded by Wolfe Research. The firm earned “Market Perform” rating on Wednesday, January 13 by William Blair. Macquarie Research maintained the shares of RRTS in a report on Wednesday, October 28 with “Neutral” rating. Stifel Nicolaus upgraded the stock to “Buy” rating in Tuesday, February 16 report. The stock of Roadrunner Transportation Systems Inc (NYSE:RRTS) earned “Hold” rating by BB&T Capital on Tuesday, October 27.
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 increased, 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.
Deutsche Commercial Bank Ag reported 141,160 shares or 0% of all its holdings. Moreover, Guggenheim Capital Lc has 0.01% invested in Roadrunner Transportation Systems Inc (NYSE:RRTS) for 270,473 shares. Strs Ohio holds 0% of its portfolio in Roadrunner Transportation Systems Inc (NYSE:RRTS) for 24,000 shares. Voya Mgmt Llc owns 65,536 shares or 0% of their US portfolio. The New York-based Teachers Advsr Inc has invested 0% in Roadrunner Transportation Systems Inc (NYSE:RRTS). Arizona State Retirement Systems last reported 15,728 shares in the company. Oak Ridge Invests Ltd has invested 0.34% of its portfolio in Roadrunner Transportation Systems Inc (NYSE:RRTS). Louisiana State Employees Retirement Sys reported 13,400 shares or 0.01% of all its holdings. Wells Fargo Company Mn holds 22,932 shares or 0% of its portfolio. Springbok Lc reported 5,314 shares or 0.01% of all its holdings. Summit Creek Advsr Limited Liability has 811,129 shares for 1.03% of their US portfolio. Jpmorgan Chase & has 0% invested in the company for 318,945 shares. Bnp Paribas Arbitrage owns 9,537 shares or 0% of their US portfolio. Blackrock Institutional Trust Company Na, a California-based fund reported 615,110 shares. Blackrock accumulated 0% or 40,039 shares.
Insider Transactions: Since May 10, 2016, the stock had 2 insider purchases, and 0 selling transactions for $402,941 net activity. 14,100 shares with value of $111,882 were bought by STOELTING CURTIS W on Thursday, May 12.
More notable recent Roadrunner Transportation Systems Inc (NYSE:RRTS) news were published by: Jsonline.com which released: “Roadrunner Transportation slashes third-quarter earnings forecast” on October 26, 2015, also Businesswire.com with their article: “Roadrunner Transportation Systems Announces Conference Call to Discuss 2016 …” published on July 12, 2016, Jsonline.com published: “Roadrunner Transportation Systems hires new president and COO” on January 18, 2016. More interesting news about Roadrunner Transportation Systems Inc (NYSE:RRTS) were released by: Bizjournals.com and their article: “Roadrunner Transportation Systems adds Memphis operations a year after hiring …” published on February 11, 2016 as well as Seekingalpha.com‘s news article titled: “Roadrunner Transportation Systems’ (RRTS) CEO Mark DiBlasi on Q2 2016 Results …” with publication date: July 28, 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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