Swedbank AB Sells 80,000 Shares of Lamb Weston $LW

Swedbank AB cut its stake in Lamb Weston (NYSE:LW) by 8.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 834,000 shares of the specialty retailer’s stock after selling 80,000 shares during the quarter. Swedbank AB’s holdings in Lamb Weston were worth $35,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of LW. Sage Rhino Capital LLC bought a new stake in Lamb Weston during the first quarter worth $242,000. HB Wealth Management LLC purchased a new position in Lamb Weston during the 1st quarter worth $214,000. IRON Financial LLC purchased a new position in Lamb Weston during the 1st quarter worth $213,000. New York State Teachers Retirement System raised its holdings in shares of Lamb Weston by 11.1% in the first quarter. New York State Teachers Retirement System now owns 140,000 shares of the specialty retailer’s stock valued at $5,916,000 after purchasing an additional 13,986 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in shares of Lamb Weston by 4,512.0% during the first quarter. SJS Investment Consulting Inc. now owns 1,153 shares of the specialty retailer’s stock valued at $49,000 after purchasing an additional 1,128 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Insider Buying and Selling at Lamb Weston

In related news, Director Jana Partners Management, Lp purchased 100,000 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was bought at an average price of $42.12 per share, for a total transaction of $4,212,000.00. Following the purchase, the director directly owned 5,348,980 shares in the company, valued at approximately $225,299,037.60. This trade represents a 1.91% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on LW shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lamb Weston from $46.00 to $40.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Stifel Nicolaus cut 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. Bank of America reduced their target price on Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Barclays decreased their price target on Lamb Weston from $55.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. dropped their price target on Lamb Weston from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.55.

Lamb Weston Stock Performance

Shares of LW stock opened at $46.19 on Thursday. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 6.20 and a beta of 0.47. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.69 and a current ratio of 1.46. Lamb Weston has a 52 week low of $37.62 and a 52 week high of $67.07. The firm’s 50-day simple moving average is $43.64 and its two-hundred day simple moving average is $43.87.

Lamb Weston Company 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.