Cambiar Investors LLC Sells 10,449 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Cambiar Investors LLC cut its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,600 shares of the specialty retailer's stock after selling 10,449 shares during the quarter. Cambiar Investors LLC owned 0.09% of Lamb Weston worth $8,862,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. HB Wealth Management LLC lifted its position in shares of Lamb Weston by 6.5% in the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock worth $892,000 after purchasing an additional 817 shares in the last quarter. Nicola Wealth Management LTD. purchased a new stake in shares of Lamb Weston in the third quarter worth approximately $6,474,000. Clarkston Capital Partners LLC increased its holdings in Lamb Weston by 108.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer's stock worth $201,207,000 after buying an additional 1,618,570 shares during the last quarter. Insight Wealth Strategies LLC increased its holdings in Lamb Weston by 36.0% in the fourth quarter. Insight Wealth Strategies LLC now owns 61,950 shares of the specialty retailer's stock worth $4,140,000 after buying an additional 16,412 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in Lamb Weston by 39.3% in the third quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer's stock worth $10,115,000 after buying an additional 44,057 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LW has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on Lamb Weston in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Citigroup downgraded Lamb Weston from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Bank of America increased their price objective on Lamb Weston from $68.00 to $80.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Finally, Jefferies Financial Group increased their price objective on Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $81.00.

Insider Activity

In other news, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the transaction, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles A. Blixt bought 1,200 shares of Lamb Weston stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $63.25 per share, with a total value of $75,900.00. Following the completion of the transaction, the director now owns 22,982 shares of the company's stock, valued at $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

Lamb Weston Stock Performance

Shares of LW traded up $1.20 during mid-day trading on Friday, hitting $58.47. The company's stock had a trading volume of 2,019,059 shares, compared to its average volume of 2,251,165. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $107.50. 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 firm has a market capitalization of $8.34 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.46 and a beta of 0.72. The stock's 50-day moving average is $64.14 and its two-hundred day moving average is $67.44.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company posted $1.45 earnings per share. The firm's revenue was down 7.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.53%. This is a boost from Lamb Weston's previous quarterly dividend of $0.36. The ex-dividend date is Friday, January 31st. Lamb Weston's dividend payout ratio is currently 58.50%.

Lamb Weston Company 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.