Landstar System, Inc. (NASDAQ:LSTR)‘s stock had its “hold” rating restated by research analysts at Cowen and Company in a research note issued to investors on Friday, October 27th. They currently have a $97.00 price target on the transportation company’s stock. Cowen and Company’s price target would suggest a potential upside of 0.67% from the company’s current price.
Several other research analysts also recently weighed in on LSTR. Zacks Investment Research raised shares of Landstar System from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Thursday, July 6th. BidaskClub downgraded shares of Landstar System from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Deutsche Bank AG downgraded shares of Landstar System from a “buy” rating to a “hold” rating and dropped their price objective for the company from $97.00 to $87.00 in a research note on Monday, July 31st. Stifel Nicolaus upgraded Landstar System from a “hold” rating to a “buy” rating and boosted their target price for the stock from $87.00 to $95.00 in a report on Monday, July 31st. Finally, Morgan Stanley boosted their target price on Landstar System from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $96.67.
Shares of Landstar System (LSTR) opened at $96.35 on Friday. The company has a market cap of $4,030.00, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.80. Landstar System has a 1 year low of $79.60 and a 1 year high of $102.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.96 and a current ratio of 1.96.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.96 by $0.05. Landstar System had a net margin of 4.36% and a return on equity of 25.53%. The business had revenue of $943.40 million for the quarter, compared to analyst estimates of $895.31 million. During the same period in the previous year, the firm earned $0.86 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. sell-side analysts predict that Landstar System will post 3.68 earnings per share for the current fiscal year.
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In other news, CEO James B. Gattoni sold 15,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $98.72, for a total transaction of $1,480,800.00. Following the transaction, the chief executive officer now directly owns 69,339 shares of the company’s stock, valued at $6,845,146.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael K. Kneller sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $99.00, for a total value of $990,000.00. Following the transaction, the vice president now directly owns 22,153 shares of the company’s stock, valued at approximately $2,193,147. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,805 shares of company stock worth $3,929,828. Corporate insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of LSTR. Advisor Group Inc. raised its stake in shares of Landstar System by 64.8% during the 2nd quarter. Advisor Group Inc. now owns 1,523 shares of the transportation company’s stock worth $130,000 after purchasing an additional 599 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Landstar System by 2.9% in the 2nd quarter. IFP Advisors Inc now owns 1,646 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 47 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Landstar System by 14.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,824 shares of the transportation company’s stock valued at $156,000 after acquiring an additional 224 shares in the last quarter. Zions Bancorporation bought a new position in shares of Landstar System in the 3rd quarter valued at approximately $167,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Landstar System by 22.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,000 shares of the transportation company’s stock valued at $171,000 after acquiring an additional 373 shares in the last quarter. 99.05% of the stock is owned by institutional investors.
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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