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 analysts have also issued reports on RRTS. Stifel Nicolaus set a $14.00 price target on Roadrunner Transportation Systems and gave the company a hold rating in a research note on Tuesday, May 28th. ValuEngine lowered Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st.
Roadrunner Transportation Systems (NYSE:RRTS) last announced its earnings results on Tuesday, May 7th. The transportation company reported ($1.58) EPS for the quarter. Roadrunner Transportation Systems had a negative net margin of 7.85% and a negative return on equity of 170.50%. The company had revenue of $507.15 million during the quarter, compared to the consensus estimate of $569.00 million. As a group, sell-side analysts anticipate 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 purchased 3,182 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were purchased at an average cost of $8.21 per share, with a total value of $26,124.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders acquired 52,771 shares of company stock worth $509,933. Insiders own 0.72% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of RRTS. Elliott Management Corp lifted its stake in 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 buying an additional 1,932,372 shares during the period. Amica Retiree Medical Trust raised its position in shares of Roadrunner Transportation Systems by 2,313.8% during the first quarter. Amica Retiree Medical Trust now owns 1,923,384 shares of the transportation company’s stock worth $808,000 after purchasing an additional 1,843,701 shares during the period. Finally, SG3 Management LLC acquired a new position in shares of Roadrunner Transportation Systems during the first quarter worth approximately $11,235,000.
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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