Benchmark Reaffirms “Hold” Rating for Landstar System (NASDAQ:LSTR)

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

Several other equities analysts have also recently weighed in on the company. Stephens cut their price objective on Landstar System from $190.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Raymond James cut shares of Landstar System from an “outperform” rating to a “market perform” rating in a report on Friday, November 15th. Stifel Nicolaus raised their price objective on shares of Landstar System from $164.00 to $169.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Susquehanna reduced their target price on shares of Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen dropped their price target on Landstar System from $176.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. Based on data from MarketBeat.com, Landstar System currently has an average rating of “Hold” and an average target price of $171.27.

Landstar System Trading Down 0.9 %

Landstar System stock traded down $1.43 during midday trading on Friday, hitting $165.51. 52,305 shares of the stock were exchanged, compared to its average volume of 315,510. Landstar System has a 52 week low of $163.18 and a 52 week high of $197.16. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5.85 billion, a PE ratio of 29.98 and a beta of 0.83. The company has a fifty day simple moving average of $177.67 and a two-hundred day simple moving average of $182.26.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Landstar System had a net margin of 4.07% and a return on equity of 19.37%. Equities research analysts anticipate that Landstar System will post 6.7 EPS for the current fiscal year.

Insider Transactions at Landstar System

In related news, CFO James P. Todd sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.32, for a total value of $184,320.00. Following the completion of the sale, the chief financial officer now directly owns 14,083 shares in the company, valued at approximately $2,595,778.56. This trade represents a 6.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Landstar System

A number of hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC raised its stake in Landstar System by 28.1% in the 3rd quarter. Verition Fund Management LLC now owns 59,005 shares of the transportation company’s stock valued at $11,144,000 after acquiring an additional 12,931 shares during the period. ING Groep NV acquired a new position in shares of Landstar System in the third quarter valued at $1,228,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Landstar System by 419.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,682 shares of the transportation company’s stock worth $695,000 after buying an additional 2,973 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Landstar System by 3,775.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 334,853 shares of the transportation company’s stock worth $63,243,000 after buying an additional 326,212 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Landstar System by 8.6% during the 3rd quarter. FMR LLC now owns 162,222 shares of the transportation company’s stock worth $30,639,000 after buying an additional 12,894 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.

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.