Aperio Group LLC Acquires 13,598 Shares of Lamb Weston Holdings Inc (LW)

Aperio Group LLC increased its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 16.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 93,954 shares of the specialty retailer’s stock after purchasing an additional 13,598 shares during the quarter. Aperio Group LLC’s holdings in Lamb Weston were worth $5,304,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ameriprise Financial Inc. raised its stake in Lamb Weston by 5.3% in the third quarter. Ameriprise Financial Inc. now owns 1,979,304 shares of the specialty retailer’s stock worth $92,810,000 after buying an additional 100,388 shares in the last quarter. Bodenholm Capital AB increased its position in shares of Lamb Weston by 6.8% during the third quarter. Bodenholm Capital AB now owns 936,000 shares of the specialty retailer’s stock worth $43,602,000 after purchasing an additional 60,000 shares in the last quarter. Artisan Partners Limited Partnership increased its position in shares of Lamb Weston by 2,176.4% during the third quarter. Artisan Partners Limited Partnership now owns 458,095 shares of the specialty retailer’s stock worth $21,480,000 after purchasing an additional 437,971 shares in the last quarter. Resources Investment Advisors Inc. increased its position in shares of Lamb Weston by 6,905.0% during the fourth quarter. Resources Investment Advisors Inc. now owns 28,020 shares of the specialty retailer’s stock worth $1,582,000 after purchasing an additional 27,620 shares in the last quarter. Finally, Wright Investors Service Inc. increased its position in shares of Lamb Weston by 157.6% during the third quarter. Wright Investors Service Inc. now owns 20,521 shares of the specialty retailer’s stock worth $962,000 after purchasing an additional 12,556 shares in the last quarter. 79.50% of the stock is owned by institutional investors.

Lamb Weston Holdings Inc (NYSE:LW) opened at $54.24 on Thursday. The stock has a market capitalization of $8,054.02, a price-to-earnings ratio of 25.11, a PEG ratio of 1.86 and a beta of 0.43. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of -4.43. Lamb Weston Holdings Inc has a 12-month low of $39.07 and a 12-month high of $60.85.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The firm had revenue of $824.60 million for the quarter, compared to the consensus estimate of $815.29 million. During the same period in the prior year, the firm earned $0.63 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. equities research analysts anticipate that Lamb Weston Holdings Inc will post 2.46 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be given a $0.1913 dividend. This represents a $0.77 annualized dividend and a dividend yield of 1.41%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, February 1st. Lamb Weston’s dividend payout ratio is presently 35.19%.

In other news, Director Peter J. Bensen bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were purchased at an average cost of $58.18 per share, with a total value of $290,900.00. Following the transaction, the director now directly owns 1,935 shares in the company, valued at $112,578.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on LW shares. Stifel Nicolaus upped their price target on Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Zacks Investment Research downgraded Lamb Weston from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Jefferies Group upped their price target on Lamb Weston to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, Bank of America upped their price target on Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $58.14.

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Lamb Weston Profile

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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