Other equities analysts also recently issued research reports about the stock. Morgan Stanley set a $36.00 target price on shares of ArcBest and gave the stock a “hold” rating in a research note on Monday, July 8th. Buckingham Research downgraded shares of At Home Group from a “buy” rating to an “underperform” rating in a research note on Friday, June 7th. Wolfe Research upgraded shares of Covenant Transportation Group from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 28th. Stifel Nicolaus boosted their price target on shares of Western Digital from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of salesforce.com in a research report on Thursday, June 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $109.44.
Shares of LSTR stock opened at $109.05 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average price is $103.29. The firm has a market capitalization of $4.38 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.45 and a beta of 1.26. Landstar System has a 12 month low of $90.23 and a 12 month high of $128.70.
Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.06. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Landstar System had a net margin of 5.68% and a return on equity of 37.24%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.37 earnings per share. As a group, equities analysts expect that Landstar System will post 6.28 earnings per share for the current fiscal year.
In related news, CMO Patrick J. O’malley sold 23,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $110.82, for a total value of $2,548,860.00. Following the completion of the sale, the chief marketing officer now directly owns 20,929 shares of the company’s stock, valued at $2,319,351.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Joseph J. Beacom sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $114.12, for a total transaction of $570,600.00. Following the completion of the sale, the chief operating officer now directly owns 45,924 shares of the company’s stock, valued at $5,240,846.88. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in LSTR. Norges Bank purchased a new stake in shares of Landstar System in the fourth quarter valued at about $41,862,000. Victory Capital Management Inc. raised its holdings in shares of Landstar System by 21.1% in the first quarter. Victory Capital Management Inc. now owns 2,080,700 shares of the transportation company’s stock valued at $227,607,000 after buying an additional 361,977 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Landstar System by 5.2% in the first quarter. BlackRock Inc. now owns 5,689,622 shares of the transportation company’s stock valued at $622,387,000 after buying an additional 278,921 shares during the last quarter. Impala Asset Management LLC purchased a new stake in shares of Landstar System in the first quarter valued at about $25,012,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Landstar System by 2,928.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 225,451 shares of the transportation company’s stock valued at $24,662,000 after buying an additional 218,006 shares during the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.
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 service providers.
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