The stock of Landstar System, Inc. (NASDAQ:LSTR) hit a new 52-week high and has $86.74 target or 4.00% above today’s $83.40 share price. The 6 months bullish chart indicates low risk for the $3.52 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $86.74 price target is reached, the company will be worth $140.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 280,016 shares traded hands. Landstar System, Inc. (NASDAQ:LSTR) has risen 23.00% since April 28, 2016 and is uptrending. It has outperformed by 17.07% the S&P500.
Analysts await Landstar System, Inc. (NASDAQ:LSTR) to report earnings on February, 1 after the close. They expect $0.87 earnings per share, down 1.14% or $0.01 from last year’s $0.88 per share. LSTR’s profit will be $36.72 million for 23.97 P/E if the $0.87 EPS becomes a reality. After $0.86 actual earnings per share reported by Landstar System, Inc. for the previous quarter, Wall Street now forecasts 1.16% EPS growth.
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. $82 is the highest target while $56 is the lowest. The $68.70 average target is -17.63% below today’s ($83.4) stock price. Landstar System has been the topic of 27 analyst reports since August 20, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, October 20 report. Macquarie Research maintained the shares of LSTR in a report on Friday, October 23 with “Neutral” rating. The firm has “Outperform” rating by Oppenheimer given on Monday, October 26. Cowen & Co maintained the shares of LSTR in a report on Friday, October 23 with “Outperform” rating. Oppenheimer maintained it with “Outperform” rating and $61 target price in Friday, January 29 report. On Thursday, August 20 the stock rating was upgraded by Zacks to “Hold”. The firm earned “Underperform” rating on Wednesday, March 30 by Macquarie Research. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, October 23. The stock has “Outperform” rating given by Cowen & Co on Friday, January 29. As per Thursday, October 20, the company rating was maintained by Cowen & Co.
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 0.88 in 2016 Q2. Its down 0.12, from 1 in 2016Q1. The ratio worsened, 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.
Zebra Mngmt Limited Liability Corp holds 19,829 shares or 0.47% of its portfolio. Hsbc Public Limited last reported 0% of its portfolio in the stock. 1St Glob Advsr has 3,008 shares for 0.03% of their US portfolio. Royal Bankshares Of Canada accumulated 0.02% or 457,828 shares. Cetera Advisors Lc last reported 0.06% of its portfolio in the stock. Signaturefd accumulated 64 shares or 0% of the stock. Shelton Capital Management holds 4,607 shares or 0.03% of its portfolio. Mufg Americas Holdings has 0% invested in the company for 800 shares. Champlain Invest Prtn Ltd Com, a Us-based fund reported 304,720 shares. Cubic Asset Management Ltd Liability owns 21,965 shares or 0.51% of their US portfolio. Old Mutual Global Invsts (Uk) has invested 0% of its portfolio in Landstar System, Inc. (NASDAQ:LSTR). Dimensional Fund Advsrs Limited Partnership accumulated 0.03% or 883,672 shares. Fifth Third Financial Bank has 0.01% invested in the company for 21,183 shares. Capstone Invest Ltd Co holds 10,008 shares or 0.01% of its portfolio. Clinton Grp Incorporated has 0.04% invested in the company for 14,143 shares.
Insider Transactions: Since August 1, 2016, the stock had 0 insider purchases, and 7 sales for $3.76 million net activity. Shares for $396,591 were sold by Stout L Kevin. MURPHY DIANA M sold $970,428 worth of stock or 12,000 shares. O’Malley Patrick J had sold 1,787 shares worth $123,607. 5,280 shares were sold by Thomas Larry S, worth $425,408 on Wednesday, November 16. Another trade for 15,000 shares valued at $1.21M was made by Kneller Michael K on Thursday, November 17. The insider Beacom Joseph J sold 3,000 shares worth $239,671.
More recent Landstar System, Inc. (NASDAQ:LSTR) news were published by: Nasdaq.com which released: “Landstar System Inc. Reports 8% Drop In Q3 Profit” on October 19, 2016. Also Nasdaq.com published the news titled: “Landstar System, Inc. (LSTR) Ex-Dividend Date Scheduled for November 04, 2016” on November 03, 2016. Prnewswire.com‘s news article titled: “Landstar System Reports Fourth Quarter Revenue Of $849 Million And Record …” with publication date: January 28, 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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