Landstar System’s (LSTR) “Hold” Rating Reiterated at Benchmark

Landstar System (NASDAQ:LSTR)‘s stock had its “hold” rating reaffirmed by equities research analysts at Benchmark in a research note issued to investors on Friday, Benzinga reports.

A number of other brokerages have also recently weighed in on LSTR. Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 target price on the stock in a report on Wednesday, January 10th. UBS Group lifted their price objective on Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Susquehanna dropped their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday. Stifel Nicolaus cut their price target on shares of Landstar System from $171.00 to $166.00 and set a “hold” rating on the stock in a report on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $184.09.

Landstar System Trading Down 0.1 %

Shares of NASDAQ LSTR traded down $0.12 on Friday, reaching $177.31. 118,710 shares of the company traded hands, compared to its average volume of 273,846. The stock has a market capitalization of $6.34 billion, a PE ratio of 27.16, a P/E/G ratio of 4.51 and a beta of 0.83. Landstar System has a fifty-two week low of $161.13 and a fifty-two week high of $208.62. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $184.66 and a 200 day moving average of $183.48.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.28 by $0.04. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a net margin of 4.63% and a return on equity of 23.17%. On average, equities research analysts forecast that Landstar System will post 6.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Michael K. Kneller sold 12,219 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $190.30, for a total value of $2,325,275.70. Following the completion of the transaction, the vice president now owns 61,127 shares of the company’s stock, valued at $11,632,468.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Trading of Landstar System

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Landstar System in the 4th quarter worth about $64,175,000. Victory Capital Management Inc. grew its stake in Landstar System by 19.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,394,389 shares of the transportation company’s stock worth $270,024,000 after purchasing an additional 224,286 shares in the last quarter. Invesco Ltd. increased its holdings in Landstar System by 55.1% in the third quarter. Invesco Ltd. now owns 417,932 shares of the transportation company’s stock valued at $73,949,000 after buying an additional 148,490 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in Landstar System by 63.3% during the third quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock valued at $36,315,000 after buying an additional 79,536 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Landstar System by 359.9% during the 4th quarter. UBS Group AG now owns 80,077 shares of the transportation company’s stock worth $15,507,000 after buying an additional 62,667 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.