Landstar System Target of Unusually High Options Trading (LSTR)
Landstar System, Inc. (NASDAQ:LSTR) was the target of some unusual options trading on Wednesday. Stock traders acquired 6,434 call options on the stock. This is an increase of 6,147% compared to the average volume of 103 call options.
LSTR stock opened at $112.08 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.12. Landstar System has a 52-week low of $90.23 and a 52-week high of $128.70. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.45 and a beta of 1.20.
Landstar System (NASDAQ:LSTR) last posted its quarterly earnings data on Wednesday, January 30th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.10. Landstar System had a return on equity of 36.70% and a net margin of 5.53%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $2.51 EPS. Landstar System’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities analysts forecast that Landstar System will post 6.41 EPS for the current fiscal year.
In related news, CEO James B. Gattoni sold 19,481 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $110.68, for a total transaction of $2,156,157.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO L Kevin Stout sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $110.99, for a total value of $665,940.00. Following the sale, the chief financial officer now owns 47,204 shares in the company, valued at $5,239,171.96. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Raymond James Trust N.A. increased its holdings in Landstar System by 2.8% during the 4th quarter. Raymond James Trust N.A. now owns 4,090 shares of the transportation company’s stock worth $391,000 after purchasing an additional 110 shares during the last quarter. BB&T Corp increased its holdings in Landstar System by 4.4% during the 4th quarter. BB&T Corp now owns 3,887 shares of the transportation company’s stock worth $372,000 after purchasing an additional 165 shares during the last quarter. Burney Co. increased its holdings in Landstar System by 0.4% during the 4th quarter. Burney Co. now owns 52,403 shares of the transportation company’s stock worth $5,013,000 after purchasing an additional 206 shares during the last quarter. American International Group Inc. increased its holdings in Landstar System by 0.3% during the 4th quarter. American International Group Inc. now owns 84,046 shares of the transportation company’s stock worth $8,041,000 after purchasing an additional 245 shares during the last quarter. Finally, Comerica Bank increased its holdings in Landstar System by 1.0% during the 4th quarter. Comerica Bank now owns 26,994 shares of the transportation company’s stock worth $2,786,000 after purchasing an additional 280 shares during the last quarter. Institutional investors own 98.65% of the company’s stock.
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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 service providers.
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