Roadrunner Transportation Systems, Inc (NYSE:RRTS) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other analysts have also recently issued reports on RRTS. Robert W. Baird restated a “hold” rating and set a $8.00 price objective on shares of Roadrunner Transportation Systems in a research report on Sunday, October 1st. ValuEngine upgraded Roadrunner Transportation Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, TheStreet raised Roadrunner Transportation Systems from a “c” rating to a “b-” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $10.00.

Roadrunner Transportation Systems (RRTS) traded up $0.20 on Wednesday, hitting $7.88. The stock had a trading volume of 107,200 shares, compared to its average volume of 201,169. The company has a market capitalization of $294.46, a PE ratio of 10.82 and a beta of 0.89. Roadrunner Transportation Systems has a 1-year low of $6.05 and a 1-year high of $11.88.

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Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC lifted its stake in shares of Roadrunner Transportation Systems by 9.3% during the second quarter. FMR LLC now owns 4,970,118 shares of the transportation company’s stock valued at $36,133,000 after acquiring an additional 421,218 shares during the period. State Street Corp lifted its stake in shares of Roadrunner Transportation Systems by 7.9% during the second quarter. State Street Corp now owns 905,714 shares of the transportation company’s stock valued at $6,585,000 after acquiring an additional 66,412 shares during the period. LSV Asset Management lifted its stake in shares of Roadrunner Transportation Systems by 8.3% during the second quarter. LSV Asset Management now owns 503,323 shares of the transportation company’s stock valued at $3,659,000 after acquiring an additional 38,700 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Roadrunner Transportation Systems by 11.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 460,752 shares of the transportation company’s stock valued at $4,391,000 after acquiring an additional 46,567 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in Roadrunner Transportation Systems by 34.7% in the second quarter. Parametric Portfolio Associates LLC now owns 318,104 shares of the transportation company’s stock valued at $2,313,000 after buying an additional 82,027 shares during the period. 71.77% of the stock is currently owned by institutional investors and hedge funds.

Roadrunner Transportation Systems Company Profile

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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