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

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

Other analysts also recently issued research reports about the company. Raymond James downgraded Landstar System from an “outperform” rating to a “market perform” rating in a research note on Friday, November 15th. UBS Group boosted their price objective on shares of Landstar System from $184.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Susquehanna dropped their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus boosted their price objective on Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, TD Cowen dropped their target price on shares of Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. Based on data from MarketBeat.com, Landstar System currently has a consensus rating of “Hold” and a consensus price target of $171.27.

Landstar System Stock Down 0.9 %

LSTR stock traded down $1.43 during mid-day trading on Friday, hitting $165.51. The stock had a trading volume of 52,305 shares, compared to its average volume of 315,510. Landstar System has a 1-year low of $163.18 and a 1-year high of $197.16. The company has a fifty day moving average of $177.67 and a 200 day moving average of $182.26. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 29.98 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.37%. On average, equities analysts expect that Landstar System will post 6.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Landstar System news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the sale, the chief financial officer now owns 14,083 shares in the company, valued at approximately $2,595,778.56. This trade represents a 6.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Trading of Landstar System

A number of hedge funds and other institutional investors have recently modified their holdings of LSTR. State Street Corp increased its stake in shares of Landstar System by 1.4% in the 3rd quarter. State Street Corp now owns 1,117,857 shares of the transportation company’s stock valued at $211,130,000 after buying an additional 15,328 shares during the period. Geode Capital Management LLC increased its position in Landstar System by 5.1% in the third quarter. Geode Capital Management LLC now owns 813,546 shares of the transportation company’s stock worth $153,685,000 after purchasing an additional 39,223 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Landstar System by 10.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 429,928 shares of the transportation company’s stock worth $81,201,000 after purchasing an additional 41,758 shares during the last quarter. Copeland Capital Management LLC lifted its position in Landstar System by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 388,142 shares of the transportation company’s stock valued at $73,308,000 after purchasing an additional 3,630 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Landstar System by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 362,652 shares of the transportation company’s stock worth $68,494,000 after buying an additional 948 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

About Landstar System

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.