BidaskClub Lowers Landstar System (NASDAQ:LSTR) to Hold

Landstar System (NASDAQ:LSTR) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday, BidAskClub reports.

LSTR has been the topic of several other research reports. Buckingham Research downgraded shares of At Home Group from a “buy” rating to an “underperform” rating in a research note on Friday, June 7th. Deutsche Bank set a $81.00 price objective on shares of Franco Nevada and gave the company a “hold” rating in a research note on Thursday. Credit Suisse Group reissued an “outperform” rating on shares of salesforce.com in a research note on Thursday, June 6th. Stephens set a $112.00 price objective on shares of Genesee & Wyoming and gave the company a “hold” rating in a research note on Monday, July 1st. Finally, Stifel Nicolaus upped their price objective on shares of Western Digital from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Two investment 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. Landstar System currently has a consensus rating of “Hold” and an average target price of $109.44.

Shares of LSTR opened at $109.05 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.38 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The firm’s 50 day moving average price is $103.29. Landstar System has a 1 year low of $90.23 and a 1 year high of $128.70.

Landstar System (NASDAQ:LSTR) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.06. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. Landstar System had a net margin of 5.68% and a return on equity of 37.24%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. As a group, equities research analysts expect that Landstar System will post 6.28 earnings per share for the current fiscal year.

In other Landstar System news, COO Joseph J. Beacom sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $114.12, for a total transaction of $570,600.00. Following the transaction, the chief operating officer now owns 45,924 shares of the company’s stock, valued at $5,240,846.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Patrick J. O’malley sold 23,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $110.82, for a total transaction of $2,548,860.00. Following the transaction, the chief marketing officer now directly owns 20,929 shares in the company, valued at approximately $2,319,351.78. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Large investors have recently bought and sold shares of the business. FMR LLC raised its stake in Landstar System by 4.8% during the fourth quarter. FMR LLC now owns 908,274 shares of the transportation company’s stock worth $86,895,000 after purchasing an additional 41,830 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Landstar System by 1.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 874,193 shares of the transportation company’s stock valued at $95,628,000 after acquiring an additional 15,101 shares during the period. Virtu Financial LLC purchased a new position in shares of Landstar System in the 1st quarter valued at $459,000. Stone Ridge Asset Management LLC raised its stake in shares of Landstar System by 19.5% in the 4th quarter. Stone Ridge Asset Management LLC now owns 34,780 shares of the transportation company’s stock valued at $3,327,000 after acquiring an additional 5,675 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Landstar System by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 456,374 shares of the transportation company’s stock valued at $43,660,000 after acquiring an additional 29,381 shares during the period. 98.66% of the stock is currently 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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Analyst Recommendations for Landstar System (NASDAQ:LSTR)

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