Landstar System (NASDAQ:LSTR) Receives a Downgrade
It appears that trading for shares of Landstar System (NASDAQ:LSTR) will be interesting to watch today. BB&T Capital Mkts lowered the stock from their past Buy rating to a more current Hold.
From a total of 14 analysts covering Landstar System (NASDAQ:LSTR) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 15 a ”Hold”. This means that 24% of the ratings are positive. The highest target price is $80 while the lowest target price is $61. The mean of all analyst targets is $69.86 with a 26.43% above today’s ($55.47) stock price. Landstar System was the topic of 12 analyst reports since August 20, 2015 according to the firm StockzIntelligence Inc. Avondale upgraded shares on December 11 to “Mkt Outperform” rating. RBC Capital Markets maintained shares with “Sector Perform” rating and $66 target share price in a report from an October 23. Macquarie Research maintained LSTR stock in a recent report from October 23 with “Neutral” rating. Zacks upgraded the rating on September 1. Zacks has a “Hold” rating and a $73 price target on shares. Finally, Cowen & Co maintained the stock with “Outperform” rating in a report issued on an October 23.
Approximately 116,006 shares of stock traded hands. Landstar System, Inc. (NASDAQ:LSTR) has declined 10.19% since May 11, 2015 and is downtrending. It has underperformed by 5.78% the S&P500.
The overall sentiment of institutions has increased to 1 in Q2 2015. Its up 0.13, from 0.87 in 2015Q2. The ratio is positive, as 23 institutions have sold all the shares of Landstar System, Inc. that they owned while 95 funds have taken shares off the table. 31 funds have purchased shares for the first time while 87 added to their positions. These institutions now hold 44.28 million shares or 0.87% less than the 44.67 million shares they owned in 2015Q2.
The Fund Ensemble Capital Management Llc currently is holding shares equating to 4.03% of its total portfolio in Landstar System, Inc. representing a total of 200,640 shares. Another fund,Kayne Anderson Rudnick Investment Management Llc, is holding a total of 2.20 million shares equating to 2.37% of their holdings. Additionally, Mountain Pacific Investment Advisers Inc Id has a 229,590 share stake in Landstar System, Inc. which represents 1.81% of their total portfolio. The Fund, Tamro Capital Partners Llc, based out of Virginia, has also built up a stake in the stock, which represents a total of 1.79% of their total portfolio. Finally Fieldpoint Private Advisors Inc, a fund which is based in the state of New York reported a total holdings of 40,375 shares.
Insider activity is a very important aspect to track on any stock. Going back to June 15, 2015, shareholders of Landstar System, Inc. have witnessed 0 insider buys, and a total of 1 insider sale equating to a net activity of approximately $767,816 . O’malley Patrick J sold 10,816 shares worth approximately $767,816. Beacom Joseph J sold 2,500 shares worth approximately $168,207.
Landstar System, Inc. is an asset-light well-known provider of integrated transportation management solutions. The company has a market cap of $2.40 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 all of a customer’s transportation needs. It has 16.57 P/E ratio. The Firm operates in two divisions: the Transportation Logistics segment, which provides a range of integrated transportation management solutions and the Insurance segment, which provides risk and claims management services to certain of Landstar’s operating subsidiaries.
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.”