Today’s Stock Alert: Landstar System Inc Stock Rise in 2016 Q2 Driven by Institutional Investors

November 30, 2016 - By Pete Kolinski   ·   0 Comments

Today's Stock Alert: Landstar System Inc Stock Rise in  2016 Q2 Driven by Institutional Investors

Sentiment for Landstar System Inc (NASDAQ:LSTR)

Landstar System Inc (NASDAQ:LSTR) institutional sentiment decreased to 0.88 in Q2 2016. Its down -0.12, from 1 in 2016Q1. The ratio dropped, as 122 investment managers started new or increased stock positions, while 122 sold and reduced stakes in Landstar System Inc. The investment managers in our partner’s database now hold: 42.87 million shares, down from 44.42 million shares in 2016Q1. Also, the number of investment managers holding Landstar System Inc in their top 10 stock positions increased from 1 to 2 for an increase of 1. Sold All: 24 Reduced: 98 Increased: 91 New Position: 31.

Landstar System, Inc. is an asset-light well-known provider of integrated transportation management solutions. The company has a market cap of $3.36 billion. 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. It has a 25.25 P/E ratio. It operates in two divisions: the Transportation Logistics segment and the Insurance segment.

The stock decreased 1.59% or $1.3 on November 29, hitting $80.65. Landstar System, Inc. (NASDAQ:LSTR) has risen 19.23% since April 27, 2016 and is uptrending. It has outperformed by 14.01% the S&P500.

Analysts await Landstar System, Inc. (NASDAQ:LSTR) to report earnings on February, 1 after the close. They expect $0.87 EPS, down 1.14% or $0.01 from last year’s $0.88 per share. LSTR’s profit will be $36.25M for 23.18 P/E if the $0.87 EPS becomes a reality. After $0.86 actual EPS reported by Landstar System, Inc. for the previous quarter, Wall Street now forecasts 1.16% EPS growth.

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.”

Ensemble Capital Management Llc holds 5.29% of its portfolio in Landstar System, Inc. for 265,780 shares. Kayne Anderson Rudnick Investment Management Llc owns 2.72 million shares or 2.82% of their US portfolio. Moreover, Clarkston Capital Partners Llc has 2.3% invested in the company for 644,739 shares. The New York-based Fieldpoint Private Advisors Inc has invested 1.89% in the stock. Mountain Pacific Investment Advisers Inc Id, a Idaho-based fund reported 234,185 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 7 insider sales for $3.76 million net activity.

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

Ratings analysis reveals 27% of Landstar System’s analysts are positive. Out of 11 Wall Street analysts rating Landstar System, 3 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $56 while the high is $82. The stock’s average target of $68.70 is -14.82% below today’s ($80.65) share price. LSTR was included in 27 notes of analysts from August 20, 2015. Oppenheimer maintained the stock with “Outperform” rating in Friday, January 29 report. The firm has “Hold” rating given on Tuesday, September 1 by Zacks. The firm earned “Market Perform” rating on Wednesday, January 13 by William Blair. The company was upgraded on Friday, December 11 by Avondale. The stock of Landstar System, Inc. (NASDAQ:LSTR) has “Hold” rating given on Monday, December 14 by BB&T Capital. Macquarie Research maintained it with “Neutral” rating and $65 target price in Friday, October 23 report. As per Wednesday, March 30, the company rating was downgraded by Macquarie Research. The stock has “Market Perform” rating given by Cowen & Co on Thursday, October 20. On Thursday, October 20 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Hold” rating given on Thursday, March 31 by Stifel Nicolaus.

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.

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.

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By Pete Kolinski


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