Shares of Landstar System Inc. (NASDAQ:LSTR) have been given an average rating of “Hold” by the fifteen brokerages that are currently covering the company. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $61.50.
Several equities research analysts recently commented on LSTR shares. Zacks Investment Research raised Landstar System from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. Citigroup Inc. cut Landstar System to a “market perform” rating in a research note on Tuesday, August 2nd. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. cut Landstar System to an “outperform” rating in a research note on Tuesday, August 2nd.
In other news, CMO Patrick J. O’malley sold 1,787 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $69.17, for a total value of $123,606.79. Following the completion of the sale, the chief marketing officer now directly owns 40,237 shares of the company’s stock, valued at $2,783,193.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Atlanta Capital Management Co. L L C boosted its stake in Landstar System by 21.1% in the first quarter. Atlanta Capital Management Co. L L C now owns 2,623,600 shares of the company’s stock valued at $169,511,000 after buying an additional 456,602 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Landstar System by 17.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,608,687 shares of the company’s stock valued at $110,452,000 after buying an additional 244,393 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Landstar System by 84.9% in the first quarter. UBS Asset Management Americas Inc. now owns 515,305 shares of the company’s stock valued at $33,294,000 after buying an additional 236,652 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Landstar System by 30.2% in the first quarter. JPMorgan Chase & Co. now owns 966,763 shares of the company’s stock valued at $62,463,000 after buying an additional 224,149 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Landstar System by 2.6% in the first quarter. Wellington Management Group LLP now owns 3,602,864 shares of the company’s stock valued at $232,781,000 after buying an additional 91,503 shares in the last quarter.
Shares of Landstar System (NASDAQ:LSTR) opened at 68.08 on Wednesday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 21.04 and a beta of 0.80. Landstar System has a 1-year low of $53.03 and a 1-year high of $72.97. The firm’s 50-day moving average is $68.01 and its 200 day moving average is $67.32.
Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.05. The firm earned $775 million during the quarter, compared to the consensus estimate of $790.95 million. Landstar System had a net margin of 4.37% and a return on equity of 28.83%. The company’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. Equities analysts expect that Landstar System will post $3.08 EPS for the current fiscal year.
About Landstar System
Landstar System, Inc (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs.
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