Landstar System, Inc. (NASDAQ:LSTR - Get Free Report)'s stock price traded up 4.8% on Thursday following a better than expected earnings announcement. The stock traded as high as $180.10 and last traded at $179.39. 341,235 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 272,162 shares. The stock had previously closed at $171.10.
The transportation company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.04. The firm 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 26.73% and a net margin of 4.99%.
Analyst Ratings Changes
Several research firms recently issued reports on LSTR. Stifel Nicolaus lowered their price objective on Landstar System from $171.00 to $166.00 and set a "hold" rating on the stock in a report on Friday, February 2nd. UBS Group upped their target price on shares of Landstar System from $175.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, February 2nd. Susquehanna decreased their price target on shares of Landstar System from $170.00 to $165.00 and set a "neutral" rating on the stock in a research note on Monday, March 25th. Wells Fargo & Company upped their price objective on shares of Landstar System from $165.00 to $180.00 and gave the company an "equal weight" rating in a research note on Friday, February 2nd. Finally, Wolfe Research upgraded Landstar System from a "peer perform" rating to an "outperform" rating and set a $205.00 target price on the stock in a report on Wednesday, January 10th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $184.55.
Get Our Latest Stock Analysis on Landstar System
Insider Buying and Selling
In related news, VP Michael K. Kneller sold 12,219 shares of the firm's stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $190.30, for a total transaction of $2,325,275.70. Following the completion of the sale, the vice president now directly 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 can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.
Institutional Trading of Landstar System
Institutional investors have recently added to or reduced their stakes in the stock. Mariner LLC lifted its position in shares of Landstar System by 0.9% during the third quarter. Mariner LLC now owns 9,448 shares of the transportation company's stock worth $1,672,000 after purchasing an additional 87 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Landstar System by 4.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 277,741 shares of the transportation company's stock worth $53,784,000 after acquiring an additional 11,370 shares in the last quarter. Royal Bank of Canada increased its position in shares of Landstar System by 6.3% during the third quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company's stock worth $59,407,000 after acquiring an additional 19,920 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Landstar System by 63.3% in the third quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company's stock valued at $36,315,000 after acquiring an additional 79,536 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Landstar System in the third quarter valued at $630,000. Institutional investors and hedge funds own 97.95% of the company's stock.
Landstar System Price Performance
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 market capitalization of $6.34 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 4.54 and a beta of 0.83. The company has a 50 day moving average of $185.05 and a 200 day moving average of $183.53.
About Landstar System
(
Get Free Report)
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.
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