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

Landstar System (NASDAQ:LSTR)‘s stock had its “hold” rating reiterated by equities researchers at Benchmark in a report issued on Friday, Benzinga reports.

LSTR has been the subject of several other research reports. Wells Fargo & Company increased their price target on shares of Landstar System from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. UBS Group raised their price objective on shares of Landstar System from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Susquehanna cut 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. Wolfe Research upgraded shares of 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. Finally, Stifel Nicolaus dropped their price objective 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. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $184.09.

Landstar System Price Performance

Shares of NASDAQ:LSTR opened at $177.26 on Friday. The company’s fifty day moving average is $184.33 and its two-hundred day moving average is $183.50. 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 12-month low of $161.13 and a 12-month high of $208.62. The company has a market cap of $6.34 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 4.68 and a beta of 0.83.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. Landstar System had a net margin of 4.63% and a return on equity of 23.11%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Equities analysts expect that Landstar System will post 6.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Landstar System

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

Hedge Funds Weigh In On Landstar System

Large investors have recently modified their holdings of the business. Mariner LLC lifted its position in Landstar System by 0.9% during 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. increased its position in Landstar System by 4.3% during the 4th 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 period. Royal Bank of Canada increased its position in Landstar System by 6.3% during the 3rd 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 period. Qube Research & Technologies Ltd increased its position in Landstar System by 63.3% during the 3rd 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 period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Landstar System in the 3rd quarter worth about $630,000. Hedge funds and other institutional investors 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.