Today’s Price Action: Is Buying All-time Stock Like Landstar System, Inc. a Winning Strategy?

Today's Price Action: Is Buying All time Stock Like Landstar System, Inc. a Winning Strategy?

The stock of Landstar System, Inc. (NASDAQ:LSTR) reached all time high today, Nov, 14 and still has $133.25 target or 63.00% above today’s $81.75 share price. This indicates more upside for the $3.43B company. This technical setup was reported by Barchart.com. If the $133.25 PT is reached, the company will be worth $2.16 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 325,565 shares traded hands. Landstar System, Inc. (NASDAQ:LSTR) has risen 24.40% since April 12, 2016 and is uptrending. It has outperformed by 19.41% the S&P500.

Landstar System, Inc. (NASDAQ:LSTR) Ratings Coverage

Out of 11 analysts covering Landstar System (NASDAQ:LSTR), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. Landstar System has been the topic of 27 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The rating was maintained by Cowen & Co on Friday, January 29 with “Outperform”. The stock of Landstar System, Inc. (NASDAQ:LSTR) earned “Neutral” rating by Credit Suisse on Wednesday, March 30. The firm has “Neutral” rating given on Friday, October 23 by Macquarie Research. On Monday, October 26 the stock rating was maintained by Oppenheimer with “Outperform”. The stock has “Market Perform” rating given by Cowen & Co on Friday, April 1. The stock of Landstar System, Inc. (NASDAQ:LSTR) has “Market Perform” rating given on Wednesday, January 13 by William Blair. The firm earned “Market Perform” rating on Thursday, October 20 by Cowen & Co. Stifel Nicolaus maintained it with “Hold” rating and $70 target price in Thursday, October 20 report. The rating was downgraded by Macquarie Research to “Underperform” on Wednesday, March 30. The stock has “Hold” rating given by Stifel Nicolaus on Thursday, March 31.

According to Zacks Investment Research, “LANDSTAR SYSTEM, INC., through its operating subsidiaries, provides a wide range of transportation services that operates the third largest truckload carrier in North America.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.15, from 1.15 in 2016Q1. The ratio is negative, as 24 funds sold all Landstar System, Inc. shares owned while 98 reduced positions. 31 funds bought stakes while 91 increased positions. They now own 42.87 million shares or 3.49% less from 44.42 million shares in 2016Q1.
Creative Planning holds 0% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR) for 287 shares. Comerica State Bank has invested 0.02% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR). Barclays Public Ltd Com holds 1,877 shares or 0% of its portfolio. Moreover, Regions Fincl has 0.03% invested in Landstar System, Inc. (NASDAQ:LSTR) for 32,466 shares. Geode Capital Mgmt Lc has 0.01% invested in the company for 281,249 shares. Envestnet Asset accumulated 0.01% or 20,661 shares. The New Jersey-based Bessemer Gp Inc has invested 0.02% in Landstar System, Inc. (NASDAQ:LSTR). Cap Fund Sa accumulated 48,704 shares or 0.03% of the stock. Schroder Management Group Inc has invested 0.02% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR). Fieldpoint Private Advisors Incorporated last reported 40,455 shares in the company. Sei Investments last reported 0.01% of its portfolio in the stock. Verity Asset Mgmt has 6,759 shares for 0.46% of their US portfolio. Moreover, Hillsdale Invest Management Inc has 0% invested in Landstar System, Inc. (NASDAQ:LSTR) for 130 shares. Eagle Asset Management Inc, a Florida-based fund reported 727,896 shares. Oppenheimer & Communications accumulated 11,935 shares or 0.02% of the stock.

Insider Transactions: Since August 1, 2016, the stock had 0 insider buys, and 1 insider sale for $123,607 net activity. O’Malley Patrick J had sold 1,787 shares worth $123,607 on Monday, August 1.

More recent Landstar System, Inc. (NASDAQ:LSTR) news were published by: Prnewswire.com which released: “Landstar System Reports Third Quarter Revenue Of $788 Million And Diluted …” on October 19, 2016. Also Prnewswire.com published the news titled: “Landstar System Reports Second Quarter Revenue Of $775 Million And Diluted …” on July 20, 2016. Nasdaq.com‘s news article titled: “Landstar System, Inc. (LSTR) Ex-Dividend Date Scheduled for November 04, 2016” with publication date: November 03, 2016 was also an interesting one.

LSTR Company Profile

Landstar System, Inc. (Landstar), incorporated on January 8, 1991, is an asset-light well-known provider of integrated transportation management solutions. The Firm offers services to its clients across multiple transportation modes, with the ability to arrange for individual shipments of freight to enterprise solutions to manage customer’s transportation needs. The Firm operates in two divisions: the Transportation Logistics segment and the Insurance segment. Landstar provides services throughout the United States and in Canada, and between the United States and Canada, Mexico and other countries around the world. The Company’s services are delivered through a network of independent commission sales agents and third-party capacity providers linked together by a series of technological applications, which are provided and coordinated by the Company. The Company’s third-party capacity providers consist of independent contractors providing truck capacity to the Company under exclusive lease arrangements, unrelated trucking companies who provide truck capacity to the Company under non-exclusive contractual arrangements (the Truck Brokerage Carriers), air cargo carriers, ocean cargo carriers and railroads. Through this network of agents and capacity providers linked together by Landstar’s information technology systems, Landstar operates an integrated transportation management solutions business.

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