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. “
Separately, ValuEngine cut shares of Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.
Roadrunner Transportation Systems stock opened at $9.08 on Tuesday. The firm has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $9.86. The stock has a market cap of $351.53 million, a price-to-earnings ratio of -0.09 and a beta of 1.44. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.96 and a quick ratio of 0.96. Roadrunner Transportation Systems has a 1-year low of $7.30 and a 1-year high of $18.75.
Roadrunner Transportation Systems (NYSE:RRTS) last released its quarterly earnings results on Wednesday, November 6th. The transportation company reported ($1.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($1.06). Roadrunner Transportation Systems had a negative net margin of 16.27% and a negative return on equity of 92.83%. The firm had revenue of $459.15 million for the quarter, compared to analysts’ expectations of $494.60 million. Equities analysts expect that Roadrunner Transportation Systems will post -4.26 earnings per share for the current fiscal year.
In other news, Director Charles W. Shaver acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $5.60 per share, with a total value of $56,000.00. Also, major shareholder International L.P. Elliott bought 10,131 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $10.96 per share, with a total value of $111,035.76. The disclosure for this purchase can be found here. In the last three months, insiders acquired 66,059 shares of company stock worth $734,110. 0.72% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. State Street Corp boosted its holdings in Roadrunner Transportation Systems by 6.5% in the third quarter. State Street Corp now owns 45,524 shares of the transportation company’s stock valued at $472,000 after purchasing an additional 2,782 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Roadrunner Transportation Systems in the second quarter valued at approximately $44,000. Finally, JPMorgan Chase & Co. acquired a new stake in Roadrunner Transportation Systems during the second quarter worth approximately $159,000. Institutional investors own 94.99% of the company’s stock.
Roadrunner Transportation Systems Company Profile
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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