Landstar System (NASDAQ:LSTR) Given Hold Rating at Benchmark

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

LSTR has been the subject of several other research reports. Wolfe Research upgraded shares of Landstar System from a “peer perform” rating to an “outperform” rating and set a $205.00 price target for the company in a report on Wednesday, January 10th. Wells Fargo & Company increased their target price on Landstar System from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Susquehanna reduced their price target on Landstar System from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday. Stifel Nicolaus decreased their price objective on Landstar System from $171.00 to $166.00 and set a “hold” rating for the company in a report on Friday, February 2nd. Finally, UBS Group boosted their target price on shares of Landstar System from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Landstar System currently has an average rating of “Hold” and an average price target of $184.09.

Landstar System Trading Down 0.1 %

LSTR stock traded down $0.12 during midday trading on Friday, reaching $177.31. The company’s stock had a trading volume of 118,710 shares, compared to its average volume of 273,846. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 4.51 and a beta of 0.83. Landstar System has a 1 year low of $161.13 and a 1 year high of $208.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a fifty day simple moving average of $184.66 and a two-hundred day simple moving average of $183.48.

Landstar System (NASDAQ:LSTR) last issued its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a return on equity of 23.17% and a net margin of 4.63%. On average, equities research analysts predict that Landstar System will post 6.71 EPS for the current year.

Insider Buying and Selling at Landstar System

In other news, VP Michael K. Kneller sold 12,219 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the sale, the vice president now owns 61,127 shares of the company’s stock, valued at approximately $11,632,468.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Landstar System

Several hedge funds have recently modified their holdings of the company. Simplicity Wealth LLC acquired a new stake in Landstar System in the first quarter valued at approximately $846,000. Louisiana State Employees Retirement System grew its stake in Landstar System by 2.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the transportation company’s stock valued at $1,985,000 after acquiring an additional 200 shares during the period. Wesbanco Bank Inc. purchased a new stake in Landstar System in the 1st quarter worth $509,000. Confluence Wealth Services Inc. raised its position in Landstar System by 8.9% during the first quarter. Confluence Wealth Services Inc. now owns 4,575 shares of the transportation company’s stock worth $882,000 after acquiring an additional 374 shares during the period. Finally, Raymond James & Associates lifted its holdings in Landstar System by 2.3% during the first quarter. Raymond James & Associates now owns 145,164 shares of the transportation company’s stock valued at $27,982,000 after purchasing an additional 3,236 shares in the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

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 services.