Landstar System (NASDAQ:LSTR) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, January 17th, BidAskClub reports.
LSTR has been the subject of a number of other research reports. Susquehanna Bancshares upgraded shares of Landstar System from a “neutral” rating to a “positive” rating and raised their price target for the stock from $117.00 to $140.00 in a report on Wednesday, January 15th. Goldman Sachs Group assumed coverage on shares of Landstar System in a research report on Thursday, December 5th. They set a “sell” rating and a $105.00 price objective for the company. Stephens set a $129.00 price objective on shares of Landstar System and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley lowered their price objective on shares of Landstar System from $90.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. Finally, Cowen reissued a “hold” rating and issued a $118.00 price target on shares of Landstar System in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $113.15.
Shares of LSTR traded down $1.75 during mid-day trading on Friday, hitting $110.75. 678,730 shares of the company were exchanged, compared to its average volume of 301,900. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.01 and a current ratio of 2.01. Landstar System has a 1-year low of $94.97 and a 1-year high of $120.23. The company has a 50 day moving average of $113.62 and a 200-day moving average of $112.26.
Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.15). The firm had revenue of $994.90 million for the quarter, compared to analyst estimates of $993.93 million. Landstar System had a return on equity of 30.88% and a net margin of 5.58%. The firm’s quarterly revenue was down 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.68 EPS. Research analysts anticipate that Landstar System will post 6.01 earnings per share for the current fiscal year.
In related news, COO Joseph J. Beacom sold 5,000 shares of Landstar System stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.23, for a total transaction of $586,150.00. Following the sale, the chief operating officer now directly owns 40,924 shares in the company, valued at approximately $4,797,520.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diana M. Murphy sold 7,000 shares of Landstar System stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $117.96, for a total transaction of $825,720.00. Following the sale, the director now owns 31,969 shares in the company, valued at $3,771,063.24. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its holdings in shares of Landstar System by 6.8% in the fourth quarter. Russell Investments Group Ltd. now owns 172,066 shares of the transportation company’s stock valued at $19,575,000 after acquiring an additional 10,962 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Landstar System by 3.4% in the fourth quarter. SG Americas Securities LLC now owns 10,716 shares of the transportation company’s stock valued at $1,220,000 after acquiring an additional 352 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Landstar System by 0.8% in the fourth quarter. Retirement Systems of Alabama now owns 102,697 shares of the transportation company’s stock valued at $11,694,000 after acquiring an additional 865 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in Landstar System by 0.8% during the fourth quarter. New York State Teachers Retirement System now owns 62,575 shares of the transportation company’s stock worth $7,125,000 after buying an additional 500 shares in the last quarter. Finally, State of Michigan Retirement System boosted its holdings in Landstar System by 0.9% during the fourth quarter. State of Michigan Retirement System now owns 11,600 shares of the transportation company’s stock worth $1,321,000 after buying an additional 100 shares in the last quarter.
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 service providers.
