Benchmark Reiterates "Hold" Rating for Landstar System (NASDAQ:LSTR)

Landstar System (NASDAQ:LSTR - Get Free Report)'s stock had its "hold" rating reaffirmed by equities researchers at Benchmark in a research note issued to investors on Friday, Benzinga reports.

LSTR has been the subject of several other research reports. UBS Group raised their target price on Landstar System from $175.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, February 2nd. Wells Fargo & Company lifted their target price on Landstar System from $165.00 to $180.00 and gave the company an "equal weight" rating in a report on Friday, February 2nd. Stifel Nicolaus decreased their target price on Landstar System from $171.00 to $166.00 and set a "hold" rating for the company in a report on Friday, February 2nd. Susquehanna decreased their price target on Landstar System from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday. 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 research report on Wednesday, January 10th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $184.09.

Landstar System Price Performance

Shares of NASDAQ:LSTR traded down $0.17 during midday trading on Friday, hitting $177.26. The company had a trading volume of 307,488 shares, compared to its average volume of 276,355. Landstar System has a twelve month low of $161.13 and a twelve month high of $208.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 4.51 and a beta of 0.83. The business's 50-day simple moving average is $184.66 and its 200-day simple moving average is $183.48.

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

Insider Buying and Selling

In other Landstar System 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 value of $2,325,275.70. Following the transaction, the vice president now directly owns 61,127 shares of the company's stock, valued at $11,632,468.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Landstar System by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 3,454,652 shares of the transportation company's stock worth $668,993,000 after acquiring an additional 27,026 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Landstar System by 19.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,394,389 shares of the transportation company's stock worth $270,024,000 after acquiring an additional 224,286 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Landstar System by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 555,085 shares of the transportation company's stock worth $107,496,000 after acquiring an additional 21,395 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Landstar System by 1.8% during the fourth quarter. Wells Fargo & Company MN now owns 437,754 shares of the transportation company's stock worth $84,771,000 after acquiring an additional 7,669 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Landstar System by 55.1% during the third quarter. Invesco Ltd. now owns 417,932 shares of the transportation company's stock worth $73,949,000 after acquiring an additional 148,490 shares during the last quarter. 97.95% of the stock is owned by hedge funds and other institutional investors.

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 services.