Cambiar Investors LLC Has $4.85 Million Stock Holdings in Lamb Weston $LW

Cambiar Investors LLC lowered its stake in shares of Lamb Weston (NYSE:LW) by 31.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 83,530 shares of the specialty retailer’s stock after selling 37,552 shares during the quarter. Cambiar Investors LLC’s holdings in Lamb Weston were worth $4,851,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quent Capital LLC acquired a new stake in shares of Lamb Weston in the 3rd quarter valued at about $29,000. Motco acquired a new stake in Lamb Weston in the third quarter valued at approximately $30,000. Ameriflex Group Inc. increased its holdings in shares of Lamb Weston by 407.7% during the second quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 477 shares in the last quarter. Blue Trust Inc. raised its position in shares of Lamb Weston by 333.3% during the third quarter. Blue Trust Inc. now owns 637 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 490 shares during the period. Finally, City State Bank raised its position in shares of Lamb Weston by 86.8% during the second quarter. City State Bank now owns 779 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 362 shares during the period. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Up 2.9%

NYSE:LW opened at $44.97 on Wednesday. Lamb Weston has a 52 week low of $39.79 and a 52 week high of $67.07. The firm has a 50-day moving average price of $49.77 and a two-hundred day moving average price of $55.08. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.64 and a current ratio of 1.43. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 6.68 and a beta of 0.45.

Lamb Weston (NYSE:LW) last released its earnings results on Friday, December 19th. The specialty retailer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.59 billion. Lamb Weston had a return on equity of 27.71% and a net margin of 6.06%.Lamb Weston’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. On average, equities analysts expect that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, January 30th will be paid a $0.38 dividend. This is a boost from Lamb Weston’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, January 30th. This represents a $1.52 dividend on an annualized basis and a yield of 3.4%. Lamb Weston’s dividend payout ratio is currently 53.24%.

Analyst Ratings Changes

LW has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lamb Weston from $61.00 to $49.00 and set a “hold” rating for the company in a research note on Monday, December 22nd. Zacks Research downgraded shares of Lamb Weston from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. TD Cowen dropped their price target on shares of Lamb Weston from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Monday, December 22nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $46.00 price target on shares of Lamb Weston in a research note on Monday, December 29th. Finally, Bank of America dropped their target price on Lamb Weston from $66.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $53.00.

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.