Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 2.74MM shares of Radiant Logistics Inc (RLGT). This represents 5.6% of the company.
In their previous filing dated February 3, 2022 they reported 2.87MM shares and 5.80% of the company, a decrease in shares of 4.67% and a decrease in total ownership of 0.20% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 104.55% Upside
As of January 27, 2023, the average one-year price target for Radiant Logistics is $11.48. The forecasts range from a low of $10.10 to a high of $13.65. The average price target represents an increase of 104.55% from its latest reported closing price of $5.61.
The projected annual revenue for Radiant Logistics is $1,529MM, an increase of 14.30%. The projected annual EPS is $0.76, a decrease of 3.38%.
There are 284 funds or institutions reporting positions in Radiant Logistics. This is a decrease of 4 owner(s) or 1.39%.
Average portfolio weight of all funds dedicated to US:RLGT is 0.1337%, a decrease of 20.4485%. Total shares owned by institutions decreased in the last three months by 4.17% to 32,763K shares.
What are large shareholders doing?
Wellington Management Group Llp holds 2,116,441 shares representing 4.47% ownership of the company. In it's prior filing, the firm reported owning 2,409,217 shares, representing a decrease of 13.83%. The firm decreased its portfolio allocation in RLGT by 28.75% over the last quarter.
Kanen Wealth Management holds 1,708,265 shares representing 3.61% ownership of the company. In it's prior filing, the firm reported owning 1,682,812 shares, representing an increase of 1.49%. The firm decreased its portfolio allocation in RLGT by 16.31% over the last quarter.
Wasatch Advisors holds 1,372,088 shares representing 2.90% ownership of the company. In it's prior filing, the firm reported owning 1,543,251 shares, representing a decrease of 12.47%. The firm decreased its portfolio allocation in RLGT by 25.07% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,368,861 shares representing 2.89% ownership of the company. No change in the last quarter.
Royce & Associates holds 1,120,328 shares representing 2.37% ownership of the company. In it's prior filing, the firm reported owning 1,092,728 shares, representing an increase of 2.46%. The firm decreased its portfolio allocation in RLGT by 13.63% over the last quarter.
Radiant Logistics Background Information
(This description is provided by the company.)
Radiant Logistics, Inc. is a comprehensive North American provider of third-party logistics and multimodal transportation services. Through its comprehensive service offering, Radiant provides domestic and international freight forwarding services, truck and rail brokerage services and other value-added supply chain management services, including customs brokerage, order fulfillment, inventory management and warehousing to a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world.
This story originally appeared on Fintel.
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