Lamb Weston $LW Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its holdings in Lamb Weston (NYSE:LWFree Report) by 83.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 5,902 shares of the specialty retailer’s stock after selling 28,948 shares during the quarter. Sterling Capital Management LLC’s holdings in Lamb Weston were worth $249,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Lamb Weston in the 4th quarter worth approximately $125,662,000. M&T Bank Corp boosted its holdings in Lamb Weston by 45,177.0% during the fourth quarter. M&T Bank Corp now owns 2,835,245 shares of the specialty retailer’s stock worth $118,768,000 after buying an additional 2,828,983 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Lamb Weston by 27.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock worth $411,558,000 after buying an additional 2,111,874 shares in the last quarter. Ion Asset Management Ltd. acquired a new position in Lamb Weston in the second quarter worth approximately $84,379,000. Finally, SG Americas Securities LLC grew its position in Lamb Weston by 2,682.3% in the fourth quarter. SG Americas Securities LLC now owns 801,708 shares of the specialty retailer’s stock worth $33,584,000 after buying an additional 772,893 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $45.93 on Monday. The stock has a market cap of $6.34 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 6.12 and a beta of 0.47. The business has a fifty day simple moving average of $43.49 and a 200-day simple moving average of $44.15. The company has a quick ratio of 0.69, a current ratio of 1.46 and a debt-to-equity ratio of 1.99. Lamb Weston has a 12 month low of $37.62 and a 12 month high of $67.07.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LW. Deutsche Bank Aktiengesellschaft cut their price objective on Lamb Weston from $46.00 to $40.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Weiss Ratings lowered Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 10th. Stifel Nicolaus reduced their target price on Lamb Weston from $50.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. BNP Paribas Exane decreased their price target on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Finally, Stephens initiated coverage on Lamb Weston in a research note on Wednesday, May 27th. They issued an “equal weight” rating and a $46.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $47.82.

Read Our Latest Research Report on LW

Insider Buying and Selling

In other Lamb Weston news, Director Jana Partners Management, Lp acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was purchased at an average cost of $43.19 per share, for a total transaction of $2,159,500.00. Following the transaction, the director owned 5,398,980 shares of the company’s stock, valued at $233,181,946.20. The trade was a 0.93% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders bought 386,000 shares of company stock worth $16,073,540. Company insiders own 0.29% of the company’s stock.

About Lamb Weston

(Free Report)

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.

Further Reading

Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston (NYSE:LWFree Report).

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

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