Landstar System (NASDAQ:LSTR) Stock Rating Reaffirmed by Benchmark

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

LSTR has been the subject of several other reports. Susquehanna dropped their target price on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday. Wells Fargo & Company upped their target price on Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Stifel Nicolaus dropped their target price on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a research note on Friday, February 2nd. Wolfe Research upgraded Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price target for the company in a research note on Wednesday, January 10th. Finally, UBS Group upped their price target on Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Landstar System currently has an average rating of “Hold” and a consensus price target of $184.09.

Landstar System Stock Down 0.1 %

Shares of NASDAQ:LSTR opened at $177.26 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. Landstar System has a 52-week low of $161.13 and a 52-week high of $208.62. The stock’s fifty day simple moving average is $184.33 and its 200-day simple moving average is $183.50. The company has a market capitalization of $6.34 billion, a P/E ratio of 27.27, a P/E/G ratio of 4.68 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, April 24th. The transportation company reported $1.32 EPS for the quarter, beating 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 return on equity of 23.11% and a net margin of 4.63%. As a group, equities research analysts forecast that Landstar System will post 6.71 earnings per share for the current fiscal year.

Insider Activity

In other 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 sale, the vice president now owns 61,127 shares in the company, valued at $11,632,468.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Landstar System

Large investors have recently modified their holdings of the stock. Mariner LLC boosted its holdings in Landstar System by 0.9% in the third quarter. Mariner LLC now owns 9,448 shares of the transportation company’s stock valued at $1,672,000 after purchasing an additional 87 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Landstar System by 4.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 277,741 shares of the transportation company’s stock valued at $53,784,000 after purchasing an additional 11,370 shares during the last quarter. Royal Bank of Canada boosted its holdings in Landstar System by 6.3% in the third quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company’s stock valued at $59,407,000 after purchasing an additional 19,920 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in Landstar System by 63.3% in the third quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company’s stock valued at $36,315,000 after purchasing an additional 79,536 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Landstar System in the third quarter valued at about $630,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

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.