New York State Teachers Retirement System Has $5.92 Million Stock Position in Lamb Weston $LW

New York State Teachers Retirement System boosted its position in Lamb Weston (NYSE:LW) by 11.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,000 shares of the specialty retailer’s stock after buying an additional 13,986 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Lamb Weston worth $5,916,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in LW. Norges Bank acquired a new stake in Lamb Weston in the 4th quarter valued at $125,662,000. M&T Bank Corp lifted its stake in shares of Lamb Weston by 45,177.0% in the fourth quarter. M&T Bank Corp now owns 2,835,245 shares of the specialty retailer’s stock valued at $118,768,000 after buying an additional 2,828,983 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Lamb Weston by 27.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock valued at $411,558,000 after buying an additional 2,111,874 shares in the last quarter. Ion Asset Management Ltd. acquired a new position in shares of Lamb Weston during the second quarter valued at about $84,379,000. Finally, SG Americas Securities LLC grew its holdings 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 buying an additional 772,893 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LW has been the subject of a number of recent research reports. Bank of America decreased their price objective on Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Stephens initiated coverage on 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. BNP Paribas Exane decreased their price target on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Wells Fargo & Company lowered their price target on Lamb Weston from $54.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on Lamb Weston from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $47.82.

Insider Activity

In related news, Director Jana Partners Management, Lp purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were purchased at an average cost of $43.19 per share, for a total transaction of $2,159,500.00. Following the completion of the transaction, the director directly owned 5,398,980 shares in the company, valued at approximately $233,181,946.20. This represents a 0.93% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.29% of the company’s stock.

Lamb Weston Stock Up 1.0%

Lamb Weston stock opened at $46.56 on Wednesday. The firm has a 50 day moving average price of $43.58 and a 200-day moving average price of $43.96. The company has a quick ratio of 0.69, a current ratio of 1.46 and a debt-to-equity ratio of 1.99. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $67.07. The company has a market capitalization of $6.43 billion, a P/E ratio of 21.76, a P/E/G ratio of 6.14 and a beta of 0.47.

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.