Clarkston Capital Partners LLC Has $146.11 Million Stock Position in Lamb Weston $LW

Clarkston Capital Partners LLC decreased its position in Lamb Weston (NYSE:LW) by 26.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,515,657 shares of the specialty retailer’s stock after selling 891,302 shares during the period. Lamb Weston accounts for 3.1% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 8th biggest holding. Clarkston Capital Partners LLC owned 1.81% of Lamb Weston worth $146,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new position in shares of Lamb Weston in the second quarter valued at approximately $119,413,000. Ion Asset Management Ltd. bought a new stake in Lamb Weston during the second quarter worth $84,379,000. Arrowstreet Capital Limited Partnership boosted its position in Lamb Weston by 989.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 704,239 shares of the specialty retailer’s stock worth $36,515,000 after purchasing an additional 639,615 shares during the last quarter. Liberty One Investment Management LLC boosted its position in Lamb Weston by 86.1% in the third quarter. Liberty One Investment Management LLC now owns 960,639 shares of the specialty retailer’s stock worth $55,859,000 after purchasing an additional 444,328 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Lamb Weston by 23.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,968,872 shares of the specialty retailer’s stock valued at $114,320,000 after purchasing an additional 378,264 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LW. Barclays decreased their target price on Lamb Weston from $68.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, December 23rd. BNP Paribas Exane set a $48.00 price target on shares of Lamb Weston in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lamb Weston from $61.00 to $49.00 and set a “hold” rating for the company in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lamb Weston in a research report on Monday, December 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $46.00 target price on shares of Lamb Weston in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.00.

Insiders Place Their Bets

In other Lamb Weston news, insider Jan Eli B. Craps bought 50,000 shares of Lamb Weston stock in a transaction dated Friday, February 6th. The stock was purchased at an average price of $48.65 per share, for a total transaction of $2,432,500.00. Following the completion of the purchase, the insider directly owned 300,000 shares of the company’s stock, valued at approximately $14,595,000. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.29% of the stock is owned by corporate insiders.

Lamb Weston Stock Performance

Shares of LW opened at $46.20 on Monday. Lamb Weston has a 1 year low of $39.79 and a 1 year high of $67.07. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.43 and a quick ratio of 0.64. The stock’s fifty day moving average price is $45.52 and its two-hundred day moving average price is $53.87. The firm has a market cap of $6.42 billion, a PE ratio of 16.62, a PEG ratio of 6.87 and a beta of 0.43.

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

Lamb Weston Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, January 30th were given a dividend of $0.38 per share. This is a boost from Lamb Weston’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, January 30th. Lamb Weston’s dividend payout ratio (DPR) is 54.68%.

About Lamb Weston

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.