Shares of Roadrunner Transportation Systems Inc (NASDAQ:RRTS) have been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $9.25.

Separately, BidaskClub upgraded shares of Roadrunner Transportation Systems from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 30th.

Shares of Roadrunner Transportation Systems (NASDAQ:RRTS) traded up 1.92% during trading on Friday, reaching $8.51. 121,119 shares of the company traded hands. The firm has a 50 day moving average of $7.08 and a 200 day moving average of $6.87. Roadrunner Transportation Systems has a 52 week low of $6.05 and a 52 week high of $11.88. The stock has a market capitalization of $326.27 million and a PE ratio of 13.15.

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Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC increased its position in shares of Roadrunner Transportation Systems by 9.3% during the second quarter. FMR LLC now owns 4,970,118 shares of the company’s stock valued at $36,133,000 after acquiring an additional 421,218 shares during the last quarter. State Street Corp increased its position in shares of Roadrunner Transportation Systems by 7.9% during the second quarter. State Street Corp now owns 905,714 shares of the company’s stock valued at $6,585,000 after acquiring an additional 66,412 shares during the last quarter. LSV Asset Management increased its position in shares of Roadrunner Transportation Systems by 8.3% during the second quarter. LSV Asset Management now owns 503,323 shares of the company’s stock valued at $3,659,000 after acquiring an additional 38,700 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Roadrunner Transportation Systems by 48.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 414,185 shares of the company’s stock valued at $3,012,000 after acquiring an additional 135,100 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Roadrunner Transportation Systems by 34.7% during the second quarter. Parametric Portfolio Associates LLC now owns 318,104 shares of the company’s stock valued at $2,313,000 after acquiring an additional 82,027 shares during the last quarter.

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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