Radiant Logistics (RLGT) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Radiant Logistics (NYSEAMERICAN:RLGT) from a sell rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “Radiant Logistics is executing a strategy to build a global transportation and supply chain management company through organic growth and the strategic acquisition of regional best-of-breed non- asset based transportation and logistics providers to offer its customers domestic and international freight forwarding and an expanding array of value added supply chain management services, including asset recovery and reverse logistics, order fulfillment, inventory management and warehousing. “

Separately, Cowen restated a buy rating and issued a $7.00 price target on shares of Radiant Logistics in a research note on Thursday, September 7th.

Radiant Logistics (NYSEAMERICAN:RLGT) traded down $0.09 during midday trading on Tuesday, hitting $4.67. The stock had a trading volume of 143,600 shares, compared to its average volume of 263,252. The firm has a market cap of $233.70, a P/E ratio of 17.24 and a beta of 0.76. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.31. Radiant Logistics has a 12 month low of $3.39 and a 12 month high of $6.65.

Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $198.00 million during the quarter, compared to analyst estimates of $210.37 million. Radiant Logistics had a net margin of 0.45% and a return on equity of 1.03%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. equities analysts predict that Radiant Logistics will post 0.27 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC increased its position in shares of Radiant Logistics by 46.5% in the second quarter. Teachers Advisors LLC now owns 261,981 shares of the company’s stock worth $1,409,000 after purchasing an additional 83,192 shares during the period. Nationwide Fund Advisors boosted its stake in Radiant Logistics by 337.5% in the second quarter. Nationwide Fund Advisors now owns 200,809 shares of the company’s stock valued at $1,080,000 after buying an additional 154,906 shares in the last quarter. Numeric Investors LLC acquired a new stake in Radiant Logistics in the second quarter valued at about $367,000. Chicago Equity Partners LLC boosted its stake in Radiant Logistics by 35.6% in the second quarter. Chicago Equity Partners LLC now owns 104,055 shares of the company’s stock valued at $560,000 after buying an additional 27,345 shares in the last quarter. Finally, Thrivent Financial For Lutherans acquired a new stake in Radiant Logistics in the second quarter valued at about $327,000. Institutional investors own 39.47% of the company’s stock.

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Radiant Logistics Company Profile

Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.

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