Landstar System Inc. (NASDAQ:LSTR) Receives $61.50 Average PT from Analysts
Landstar System Inc. (NASDAQ:LSTR) has received a consensus rating of “Hold” from the fifteen analysts that are covering the firm. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $61.50.
LSTR has been the topic of several research analyst reports. Zacks Investment Research raised shares of Landstar System from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. Citigroup Inc. cut shares of Landstar System to a “market perform” rating in a research report on Tuesday, August 2nd. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. cut shares of Landstar System to an “outperform” rating in a research report on Tuesday, August 2nd.
Landstar System (NASDAQ:LSTR) opened at 68.08 on Wednesday. The firm has a market cap of $2.87 billion, a PE ratio of 21.04 and a beta of 0.80. Landstar System has a one year low of $53.03 and a one year high of $72.97. The stock has a 50 day moving average of $68.01 and a 200 day moving average of $67.32.
Landstar System (NASDAQ:LSTR) last released its earnings results on Wednesday, July 20th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Landstar System had a return on equity of 28.83% and a net margin of 4.37%. The company earned $775 million during the quarter, compared to analyst estimates of $790.95 million. During the same period in the prior year, the business posted $0.92 earnings per share. Landstar System’s revenue was down 10.7% on a year-over-year basis. On average, equities analysts forecast that Landstar System will post $3.08 earnings per share for the current year.
In other news, CMO Patrick J. O’malley sold 1,787 shares of Landstar System stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $69.17, for a total transaction of $123,606.79. Following the sale, the chief marketing officer now owns 40,237 shares in the company, valued at $2,783,193.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in Landstar System by 77.6% in the second quarter. Victory Capital Management Inc. now owns 1,705 shares of the company’s stock worth $117,000 after buying an additional 745 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Landstar System by 1.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,806 shares of the company’s stock worth $124,000 after buying an additional 31 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Landstar System by 755.6% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,925 shares of the company’s stock worth $132,000 after buying an additional 1,700 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Landstar System during the second quarter worth about $135,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Landstar System during the second quarter worth about $137,000.
Landstar System Company Profile
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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