Royal Bank of Canada trimmed its position in Roadrunner Transportation Systems, Inc (NYSE:RRTS) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,224 shares of the transportation company’s stock after selling 862 shares during the quarter. Royal Bank of Canada owned approximately 0.11% of Roadrunner Transportation Systems worth $314,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Arizona State Retirement System increased its position in Roadrunner Transportation Systems by 0.6% in the second quarter. Arizona State Retirement System now owns 15,828 shares of the transportation company’s stock worth $115,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund increased its position in Roadrunner Transportation Systems by 0.8% in the second quarter. Texas Permanent School Fund now owns 22,106 shares of the transportation company’s stock worth $161,000 after purchasing an additional 185 shares during the period. Thrivent Financial For Lutherans increased its position in Roadrunner Transportation Systems by 5.0% in the second quarter. Thrivent Financial For Lutherans now owns 18,270 shares of the transportation company’s stock worth $133,000 after purchasing an additional 870 shares during the period. Rhumbline Advisers increased its position in Roadrunner Transportation Systems by 1.9% in the second quarter. Rhumbline Advisers now owns 59,223 shares of the transportation company’s stock worth $431,000 after purchasing an additional 1,095 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Roadrunner Transportation Systems by 2.0% in the second quarter. Ameriprise Financial Inc. now owns 160,850 shares of the transportation company’s stock worth $1,170,000 after purchasing an additional 3,125 shares during the period. Hedge funds and other institutional investors own 71.77% of the company’s stock.

A number of brokerages recently commented on RRTS. Robert W. Baird reiterated a “hold” rating and issued a $8.00 price objective on shares of Roadrunner Transportation Systems in a research report on Sunday, October 1st. BidaskClub upgraded Roadrunner Transportation Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 29th. TheStreet upgraded Roadrunner Transportation Systems from a “c” rating to a “b-” rating in a research report on Thursday, October 12th. Finally, ValuEngine upgraded Roadrunner Transportation Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. One equities 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. Roadrunner Transportation Systems currently has a consensus rating of “Hold” and a consensus price target of $10.00.

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Roadrunner Transportation Systems, Inc (RRTS) opened at $7.81 on Friday. Roadrunner Transportation Systems, Inc has a 1-year low of $6.05 and a 1-year high of $11.88. The stock has a market capitalization of $299.44, a PE ratio of 11.00 and a beta of 0.89.

Roadrunner Transportation Systems 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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Institutional Ownership by Quarter for Roadrunner Transportation Systems (NYSE:RRTS)

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