Deutsche Bank set a $107.00 target price on Landstar System (NASDAQ:LSTR) in a research report released on Thursday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the transportation company’s stock.
LSTR has been the subject of a number of other research reports. Cowen reissued a market perform rating and set a $113.00 price objective (down previously from $115.00) on shares of Landstar System in a research report on Thursday, June 6th. Morgan Stanley set a $36.00 price objective on ArcBest and gave the company a hold rating in a research report on Monday, July 8th. Buckingham Research cut At Home Group from a buy rating to an underperform rating in a research report on Friday, June 7th. Credit Suisse Group reissued an outperform rating on shares of salesforce.com in a research report on Thursday, June 6th. Finally, BidaskClub raised Zillow Group from a buy rating to a strong-buy rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Landstar System currently has a consensus rating of Hold and a consensus target price of $109.44.
LSTR opened at $109.05 on Thursday. The firm has a market capitalization of $4.38 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Landstar System has a 1 year low of $90.23 and a 1 year high of $128.70. 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 company’s fifty day moving average price is $103.29.
Landstar System (NASDAQ:LSTR) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.06. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Landstar System had a return on equity of 37.24% and a net margin of 5.68%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 earnings per share. As a group, research analysts forecast that Landstar System will post 6.28 earnings per share for the current year.
In other Landstar System news, COO Joseph J. Beacom sold 5,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $114.12, for a total value of $570,600.00. Following the completion of the sale, the chief operating officer now owns 45,924 shares of the company’s stock, valued at $5,240,846.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Patrick J. O’malley sold 23,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was 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 approximately $2,319,351.78. 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 acquired a new stake in shares of Landstar System in the fourth quarter worth about $41,862,000. Victory Capital Management Inc. lifted its position in shares of Landstar System by 21.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,080,700 shares of the transportation company’s stock worth $227,607,000 after purchasing an additional 361,977 shares during the last quarter. BlackRock Inc. lifted its position in shares of Landstar System by 5.2% during the 1st quarter. BlackRock Inc. now owns 5,689,622 shares of the transportation company’s stock worth $622,387,000 after purchasing an additional 278,921 shares during the last quarter. Impala Asset Management LLC acquired a new position in shares of Landstar System during the 1st quarter worth about $25,012,000. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Landstar System by 2,928.2% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 225,451 shares of the transportation company’s stock worth $24,662,000 after purchasing an additional 218,006 shares during the last quarter. 98.66% of the stock is owned by 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 service providers.
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