Economy

Landstar System, Inc. (LSTR) Stock Rating Reaffirmed by Cowen and Company

BB&T Corp now owns 3,033 shares of the transportation company's stock worth $260,000 after purchasing an additional 39 shares during the last quarter.

Cowen and Company restated their hold rating on shares of Landstar System, Inc. Janus Capital Management LLC trimmed its position by selling 435,454 shares a decrease of 75.8% in the quarter. Janus Capital Management LLC now owns 139,300 shares with a value of $11,931,000. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,600 shares of the transportation company's stock valued at $137,000 after acquiring an additional 427 shares during the period. Royce & Associates LP raised its stake in shares of Landstar System by 2.5% in the second quarter. L L C raised its position in Landstar System by 6.5% during the second quarter. Teacher Retirement System of Texas now owns 26,383 shares of the transportation company's stock worth $2,258,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 97.00% of the company's stock.

WARNING: "Eagle Asset Management Inc". PA Raises Holdings in Landstar System, Inc. "(NASDAQ:LSTR)" was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and worldwide trademark and copyright laws. The legal version of this article can be viewed at https://www.truebluetribune.com/2017/09/08/landstar-system-inc-lstr-shares-bought-by-eagle-asset-management-inc.html. Macquarie Research maintained the shares of LSTR in report on Friday, October 23 with "Neutral" rating. Trading volume was up 159.88% over the stocks average daily volume. Morgan Stanley downgraded the shares of LSTR in report on Tuesday, February 23 to "Underweight" rating. Zacks Investment Research cut shares of Landstar System from a "buy" rating to a "hold" rating in a research report on Thursday, August 3rd.

On July 31 the stock rating was upgraded from "Hold" to "Buy" by Stifel Nicolaus. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Landstar System now has an average rating of "Hold" and a consensus price target of $87.63.

According to Financial Times, The 7 analysts offering 12 month price targets for Hospitality Properties Trust have a median target of 30.00, with a high estimate of 33.00 and a low estimate of 28.00. (NASDAQ:LSTR) has "Buy" rating given on Friday, September 4 by William Blair. The fund owned 26,573 shares of the transportation company's stock after buying an additional 4,018 shares during the quarter. The firm has a market capitalization of $3.99 billion, a P/E ratio of 27.47 and a beta of 0.74.

The stock last traded at $94.60 impressively higher than $85.87, the stock's 50 day moving average and quite a bit higher than the 200 day moving average of $85.46.

Landstar System (NASDAQ:LSTR) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. The return on equity ratio or ROE stands at 26.1 percent while most common profitability ratio return on investment (ROI) was 19.7 percent. The company had revenue of $870.34 million during the quarter, compared to analysts' expectations of $859.30 million. During the same quarter previous year, the company earned $0.88 EPS. The firm's quarterly revenue was up 12.3% on a year-over-year basis. In the last earnings report the EPS was $3.46 and is estimated to be $3.56 for the current year with 41,946,000 shares outstanding. Landstar System, Inc. also declared a dividend paid on Friday June 2nd, 2017. The dividend yield was $0.42. (NASDAQ:LSTR) rating on Thursday, August 20. Bbva Compass Bancshares Inc. now owns 17,212 shares of the company's stock worth $1,181,000 after buying an additional 3,070 shares in the last quarter. Oppenheimer maintained Landstar System, Inc.

Landstar System, Inc. (Landstar), launched on January 8, 1991, is an asset-light provider of integrated transportation management solutions.



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