Landstar System Inc (LSTR): Joseph J Beacom , VP, CSO, COO of Landstar System Inc sold 3,987 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $68.10 per share for a total value of $271,514.69 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 25, 2015, L Kevin Stout (VP, CFO and Asst Secretary) sold 269 shares at $62.43 per share price.On Jul 30, 2015, Patrick J O’malley (VP, CCO, CMO) sold 10,816 shares at $71.29 per share price.Also, On Jun 15, 2015, Joseph J Beacom (VP, CSO, COO) sold 2,500 shares at $67.28 per share price.On Jun 10, 2015, Anthony J Orlando (director) purchased 4,000 shares at $66.76 per share price.
Landstar System: On Friday, Jun 3, 2016 heightened volatility was witnessed in Landstar System which led to swings in the share price. The shares opened for trading at $67.49 and hit $67.9 on the upside , eventually ending the session at $67.78, with a gain of 0.15% or 0.1 points. The heightened volatility saw the trading volume jump to 2,71,554 shares. The 52-week high of the share price is $73.6 and the company has a market cap of $2,869 M . The 52-week low of the share price is at $53.03.
Company has been under the radar of several Street Analysts.Landstar System is Downgraded by Avondale to Mkt Perform. Earlier the firm had a rating of Mkt Outperform on the company shares. The Rating was issued on Apr 22, 2016.Landstar System is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 67 from a previous price target of $63 .The Rating was issued on Apr 21, 2016.Landstar System is Downgraded by Cowen to Market Perform while Lowering the Price Target of the company shares to $ 63 from a previous price target of $64 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 1, 2016.Landstar System is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 31, 2016.Landstar System is Downgraded by Macquarie to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 30, 2016.
Landstar System Inc. (Landstar) is an asset-light provider of integrated transportation management solutions. The Company offers services to its customers across multiple transportation modes with the ability to arrange for individual shipments of freight to enterprise solutions to manage all of a customers transportation needs. The Company operates in two segments: 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 Landstars operating subsidiaries. Landstar provides services throughout the United States Canada Mexico and other countries around the world. The Companys 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.