Oregon Public Employees Retirement Fund Has $1.34 Million Holdings in Lamb Weston $LW

Oregon Public Employees Retirement Fund increased its holdings in shares of Lamb Weston (NYSE:LW) by 99.5% during the first quarter, Holdings Channel reports. The fund owned 31,800 shares of the specialty retailer’s stock after purchasing an additional 15,860 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Lamb Weston were worth $1,344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arnhold LLC increased its position in Lamb Weston by 710.2% in the 4th quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer’s stock valued at $1,601,000 after acquiring an additional 33,500 shares in the last quarter. Dana Investment Advisors Inc. lifted its position in shares of Lamb Weston by 44.8% during the fourth quarter. Dana Investment Advisors Inc. now owns 89,991 shares of the specialty retailer’s stock worth $3,770,000 after purchasing an additional 27,835 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Lamb Weston by 2,682.3% during the fourth quarter. SG Americas Securities LLC now owns 801,708 shares of the specialty retailer’s stock valued at $33,584,000 after purchasing an additional 772,893 shares during the last quarter. Easterly Investment Partners LLC acquired a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $3,071,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $5,900,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Price Performance

LW opened at $46.42 on Monday. The stock has a market cap of $6.41 billion, a P/E ratio of 21.69, a P/E/G ratio of 6.17 and a beta of 0.47. Lamb Weston has a 12 month low of $37.62 and a 12 month high of $67.07. The company has a quick ratio of 0.69, a current ratio of 1.46 and a debt-to-equity ratio of 1.99. The company has a fifty day simple moving average of $43.75 and a 200 day simple moving average of $43.90.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LW shares. Wells Fargo & Company upped their price objective on Lamb Weston from $46.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Bank of America lowered their price objective on Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. BNP Paribas Exane dropped their price objective on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Stephens assumed coverage on shares of Lamb Weston in a research report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lamb Weston in a research note on Wednesday. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lamb Weston has an average rating of “Hold” and a consensus price target of $48.91.

Insider Activity

In other Lamb Weston news, Director Jana Partners Management, Lp purchased 50,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was bought at an average cost of $43.19 per share, for a total transaction of $2,159,500.00. Following the completion of the acquisition, the director directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

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.