Liberty One Investment Management LLC Cuts Holdings in Lamb Weston $LW

Liberty One Investment Management LLC trimmed its position in Lamb Weston (NYSE:LW) by 4.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 395,958 shares of the specialty retailer’s stock after selling 20,208 shares during the period. Lamb Weston comprises 1.7% of Liberty One Investment Management LLC’s investment portfolio, making the stock its 22nd biggest position. Liberty One Investment Management LLC owned approximately 0.29% of Lamb Weston worth $16,733,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LW. Bank of Nova Scotia boosted its stake in shares of Lamb Weston by 2.0% in the 3rd quarter. Bank of Nova Scotia now owns 9,685 shares of the specialty retailer’s stock worth $563,000 after buying an additional 189 shares during the last quarter. MCF Advisors LLC increased its position in shares of Lamb Weston by 44.2% during the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 199 shares during the last quarter. Clearstead Advisors LLC increased its position in shares of Lamb Weston by 8.0% during the fourth quarter. Clearstead Advisors LLC now owns 3,101 shares of the specialty retailer’s stock valued at $130,000 after acquiring an additional 229 shares during the last quarter. Fiduciary Trust Co lifted its holdings in Lamb Weston by 7.5% during the third quarter. Fiduciary Trust Co now owns 4,324 shares of the specialty retailer’s stock worth $251,000 after acquiring an additional 300 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Lamb Weston by 47.1% during the third quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 305 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

LW has been the subject of a number of recent analyst reports. Bank of America reduced their price objective on Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Stifel Nicolaus lowered their target price on Lamb Weston from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. JPMorgan Chase & Co. boosted their price target on shares of Lamb Weston from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lamb Weston from $46.00 to $40.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Barclays lifted their price objective on shares of Lamb Weston from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three 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’s stock. According to MarketBeat.com, Lamb Weston has an average rating of “Hold” and a consensus price target of $49.27.

Lamb Weston Stock Performance

Shares of LW opened at $49.17 on Friday. Lamb Weston has a 1 year low of $37.62 and a 1 year high of $67.07. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.46 and a quick ratio of 0.69. The stock’s fifty day moving average price is $44.62 and its two-hundred day moving average price is $44.22. The firm has a market cap of $6.79 billion, a PE ratio of 22.98, a PEG ratio of 6.37 and a beta of 0.47.

Lamb Weston Profile

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.