Clarkston Capital Partners LLC Sells 35,225 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Clarkston Capital Partners LLC decreased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,072,704 shares of the specialty retailer’s stock after selling 35,225 shares during the quarter. Lamb Weston comprises about 3.9% of Clarkston Capital Partners LLC’s portfolio, making the stock its 9th biggest position. Clarkston Capital Partners LLC owned approximately 2.15% of Lamb Weston worth $205,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Lamb Weston during the fourth quarter worth about $96,736,000. Boston Partners boosted its stake in Lamb Weston by 26.8% in the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock worth $232,330,000 after purchasing an additional 735,901 shares in the last quarter. State Street Corp grew its position in Lamb Weston by 9.7% during the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock worth $402,791,000 after purchasing an additional 549,812 shares during the last quarter. Liberty One Investment Management LLC increased its stake in Lamb Weston by 697.4% during the 4th quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer’s stock valued at $23,408,000 after purchasing an additional 306,343 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in shares of Lamb Weston in the third quarter worth $19,822,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lamb Weston

In other news, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction dated Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now directly owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.72% of the company’s stock.

Lamb Weston Trading Down 0.8 %

Shares of Lamb Weston stock opened at $59.11 on Friday. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $89.51. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The company has a market cap of $8.43 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. The firm has a 50-day simple moving average of $55.22 and a two-hundred day simple moving average of $65.56.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. Lamb Weston’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 EPS. As a group, equities analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 2.50%. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Analyst Upgrades and Downgrades

LW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Barclays reduced their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. JPMorgan Chase & Co. lifted their target price on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. StockNews.com raised shares of Lamb Weston to a “sell” rating in a research report on Monday, February 24th. Finally, Wells Fargo & Company decreased their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $73.09.

Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.